Partnerships Quick Check

In a general partnership, the correct response is:

**partners usually draw up legal papers called articles of partnership.**

Here's a brief explanation of why the other options are not correct:

1. **The business continues even if one partner dies**: In a general partnership, the partnership typically dissolves upon the death of a partner, unless otherwise stated in the partnership agreement.

2. **Partners must pay business taxes on stock they issue**: General partnerships do not issue stock; that concept applies to corporations. Instead, partners report their share of the profits and losses on their personal tax returns.

3. **Partners are only liable for the business's debt up to the amount of their investment**: In a general partnership, partners usually have unlimited personal liability for the debts of the partnership, meaning they can be held responsible for more than just their investments.