If no other form of business organization is chosen,the business is by default a general partnership.

Name: If no other form of business organization is chosen,the business is by default a general partnership.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

By default, if no specific form of business organization is chosen and there is only one owner, the business is considered a sole proprietorship. A general partnership requires two or more individuals or entities to agree, either formally or informally, to do business together.

If No Other Form of Business Organization Is Chosen,the Business