When two or more people legally agree to become co-owners of a business, the form of business is called a partnership.
Correct Answer:
Verified
Q15: The sole proprietorship form of ownership tends
Q16: A drawback of sole proprietorships is that
Q17: A comparison of the three major forms
Q18: One of the strengths of the sole
Q19: If a sole proprietorship fails, the owner
Q21: One of the major disadvantages of a
Q22: According to the Uniform Partnership Act, the
Q23: A general partner takes an active role
Q24: A major objective of limited liability partnerships
Q25: Limited partnerships are just like general partnerships,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents