When two or more individuals engage in an enterprise as co-owners, the organization is known as a

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A partnership is a type of business organization in which two or more individuals come together to own and operate a business. Each partner contributes to the business and shares in the profits and losses. This is different from a single proprietorship, which is owned and operated by one person, and a corporation, which is a separate legal entity. A closed corporation is a type of corporation where the shares are held by a small number of individuals and is not available to the general public.

When Two or More Individuals Engage in an Enterprise as Co-Owners