A ________ is created when two or more persons agree to place their money,labor,or skills in a business and to share the profits and losses.

Question

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A general partnership is created when two or more persons agree to place their money, labor, or skills in a business and to share the profits and losses. This type of partnership does not require a formal registration with the state and the partners have unlimited personal liability for the debts and obligations of the partnership.

A ________ Is Created When Two or More Persons Agree