An association of two or more persons to carry on as co-owners of a business for profit is known as a ________.

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A general partnership is when two or more people join together in a business venture with the intention of making a profit. They share profits, losses, and management responsibilities. It is different from a limited partnership where there are also limited partners who don't participate in the management of the business. A sole proprietorship is a business owned and operated by one person while a corporation is a separate legal entity owned by shareholders.

An Association of Two or More Persons to Carry on as Co-Owners