Which of the following is NOT an essential element for the creation of a partnership? January 1, 2023 by admin The partners must be carrying on a business in common. The business must be carried on by or on behalf of all the partners. The partnership must be registered with the Australian Securities and Investments Commission (ASIC). The partners must intend to make a profit. See Answer The partnership must be registered with the Australian Securities and Investments Commission (ASIC).