Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Question # 4
Multiple Choice
The legal form of business ownership that is owned by two or more people is called a
corporation
limited liability company
sole proprietorship
partnership

Sagot :

GinnyAnswer

Final answer:

A partnership involves joint ownership and shared profits and losses among partners.


Explanation:

Partnership: A business owned jointly by two or more individuals who share in the profits and are jointly responsible for losses.

In a partnership, each partner contributes to the business's success and is liable for its debts. This structure allows for shared decision-making, financial responsibilities, and profits among the partners.

Unlike a corporation, a partnership does not have a separate legal identity from its owners, making the partners personally liable for the business's obligations.


Learn more about Types of Business Ownership here:

https://brainly.com/question/41846295


Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.