Which of the following statements is true regarding partnerships?

The statement that partnerships can involve a person and a corporation or two corporations is accurate and reflects the diverse nature of partnerships in business law. A partnership is not restricted to just individuals; it can legally include various entities such as individuals, corporations, and other business entities. This flexibility allows for a wide range of collaborative arrangements where different types of stakeholders can come together to achieve common business goals.

This option emphasizes the inclusive nature of partnerships and aligns with legal principles that recognize both natural persons and artificial legal entities, like corporations, as eligible partners. Therefore, it captures the essence of partnership law effectively and demonstrates how businesses can structure themselves in various ways according to their needs.

In contrast, the other statements present limitations or inaccuracies regarding partnerships. For instance, partnerships can involve more than just two individuals, they do not necessarily have to share gains and losses equally, and while creating a partnership does require some legal formality, it is not always a complex process. This understanding of partnerships helps clarify their legal framework and operational versatility, making the correct answer particularly significant.