A voluntary association of two or more persons formed to carry on a business as co-owners for profit is known as a _ .

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A partnership is a voluntary association of two or more individuals who carry on a business as co-owners for profit. A Subchapter S corporation is a type of corporation that is taxed similarly to a partnership, but it is still a separate legal entity from its owners. A public corporation is a company that has issued shares that can be traded on a public stock exchange. A limited liability company is a type of business structure that combines the limited liability benefits of a corporation with the tax benefits of a partnership.

A Voluntary Association of Two or More Persons Formed to Carry