Which of the following legal forms of an organization allows owners to contribute no capital but still play a part in managing the business and share in its profits?

Question

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Partnerships allow for owners to contribute no capital but still have a say in the management of the business and share in its profits. S Corporations and C Corporations require at least some capital contribution from owners, and sole proprietorships are owned and managed by a single individual.

Which of the Following Legal Forms of an Organization Allows