A business owned by two or more individuals whose personal possessions are at risk if the business fails is called a:

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A partnership is a type of business structure in which two or more individuals own and operate the business together, with each partner sharing in the profits and losses. The personal possessions of each partner are at risk if the business fails, making this different from a corporation, which is a separate legal entity. A sole proprietorship, on the other hand, is a business owned and operated by a single individual, and a manufacturer is a type of business that produces goods.

A Business Owned by Two or More Individuals Whose Personal