When two or more people agree to share the assets, liabilities, and profits of a business, the legal structure is termed a
A) sole proprietorship.
B) corporation.
C) partnership.
D) limited liability company (LLC).
E) N one of these are correct.

Question

Quizplus · Accepted Answer

A partnership is the legal structure where two or more people agree to share the assets, liabilities, and profits of a business.

When Two or More People Agree to Share the Assets