A business organisation that is similar to a sole proprietorship but has two or more owners is called a:
A)limited liability company
B)corporation
C)dual company
D)partnership
E)joint stock company

Question

Quizplus · Accepted Answer

A partnership is a business organisation that has two or more owners, and each owner shares in the profits and losses of the business. Partnerships can be either general partnerships or limited partnerships, depending on the level of liability each partner is willing to assume.

A Business Organisation That Is Similar to a Sole Proprietorship