When does a partnership typically begin to exist?

A partnership typically begins to exist upon the execution of the partnership agreement by the partners. This is because the agreement defines the terms of the partnership and outlines the roles, responsibilities, and contributions of each partner. The execution signifies the mutual consent of the partners to enter into the partnership relationship.

The other options focus on actions or formalities that do not necessarily create the partnership. Recording the partnership agreement may serve as a means of public notification but does not by itself give rise to the partnership. Similarly, a partnership is not contingent upon the delivery of contributions from all partners; partners may agree to contribute at different times without delaying the start of the partnership. Additionally, acknowledgment of the agreement before a notary is a formal step but is not essential for the partnership's existence. The core principle lies in the mutual agreement and execution of the partnership agreement.