Which of the following is an association of two or more owners to carry on a trade or business for profit and the owners are personally liable for malpractice-related claims resulting from negligence or misconduct?
A)Corporation.
B)General Partnership.
C)Limited Liability Partnership.
D)Sole Proprietorship.

Question

Quizplus · Accepted Answer

A general partnership is an association of two or more owners to carry on a trade or business for profit. In a general partnership, the owners are personally liable for malpractice-related claims resulting from negligence or misconduct. This means that the partners' personal assets may be at risk in the event of a lawsuit or legal claim against the partnership.

Which of the Following Is an Association of Two or More