Articles or partnership establish a. how businesses can raise capital. b. what business taxes are paid. c. how profits and losses are divided. d. what is included in a charter.

The correct answer would be C, How profits and losses are divided.

Explanation:

Articles of Partnership is basically a contract between two or more parties who agree to share a common business. They agree to place their capital, skills, resources, labor, etc, into the business and with the mutual understanding of the sharing of profits and losses that may incur to the organization. Thus the main purpose of articles of partnership is to establish that how profits and losses are divided, though they input their capitals, skills and other resources as well but they also agree to share the losses and profits.

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