A _____ is a voluntary agreement under which two or more people act as coowners of a business for profit.

Question

A _____ is a voluntary agreement under which two or more people act as co­owners of a business for profit.

Quizplus · Accepted Answer

A partnership is a type of business organization in which two or more people agree to share the profits and losses of a business. It is a voluntary agreement between the partners, who are co-owners of the business. A partnership can be formed as a general partnership or a limited partnership, depending on the level of liability the partners are willing to accept.

A _____ Is a Voluntary Agreement Under Which Two or More