Briefly explain the formation of a general partnership.

 A business must meet four criteria to qualify as a general partnership under the Uniform Partnership Act (UPA). It must be (1) an association of two or more persons, (2) carrying on a business, (3) as co-owners, (4) for profit. A general partnership is a voluntary association of two or more persons. All partners must agree to the participation of each co-partner. A businessa trade, an occupation, or a professionmust be carried on. The organization or venture must have a profit motive in order to qualify as a partnership, even though the business does not actually have to make a profit. Receipt of a share of business profits is prima facie evidence of a general partnership because nonpartners usually are not given the right to share in a business's profits.
 

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