A partnership can have how many partners?Minimum of 2, maximum of 201Minimum of 1, maximum of 502Minimum of 1, maximum of 203Minimum of 2, maximum of 50

To determine the correct answer, we need to look at the common rules regarding partnerships:

1. Minimum Number of Partners: In most jurisdictions, a partnership typically requires at least two individuals. This is because a partnership, by definition, involves a cooperative relationship between two or more parties.

2. Maximum Number of Partners: The maximum number of partners in a partnership can vary by jurisdiction. However, it is common for many legal systems to impose a limit on the number of partners for non-corporate partnerships.

Given the options you provided, the one that aligns with typical definitions and regulations regarding partnerships is:

Minimum of 2, maximum of 50.

This choice reflects the standard requirement for partnerships and a practical limit on the number of partners, which prevents the partnership from becoming too large and unwieldy.

In summary, partnerships generally require at least two partners and often have a limit of around 50 partners to ensure effective management and decision-making.