Pete Yankin and Ken Lowery established a company that markets fishing expeditions. Yankin and Lowery share responsibilities for booking the trips, gathering supplies, and guiding groups into locations where they can fish for salmon. Since the two share any profit equally, what sort of business do they have?

Question

Quizplus · Accepted Answer

Yankin and Lowery have a general partnership because they share responsibilities and profits equally.

Pete Yankin and Ken Lowery Established a Company That Markets