A ________ is a business with two or more owners who share in the operation of the firm and are financially responsible for its debts.

Question

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The description is that of a general partnership, where there are two or more owners who share in the operation of the firm and are financially responsible for its debts. A corporation has shareholders who own the company but are not liable for its debts, while a cooperative is owned and operated by its members who share in the profits. A limited partnership has one or more general partners who are responsible for managing the business and one or more limited partners who do not participate in management and have limited liability for the partnership's debts.

A ________ Is a Business with Two or More Owners