A firm with multiple owners who share the profits and bear unlimited liability for the firm's losses and debts is known as a(n):

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A partnership is a type of business entity where two or more individuals share the profits and losses of the company. Partnerships are typically formed as general partnerships, where each partner has unlimited liability for the debts and obligations of the firm. This means that if the company is unable to pay its debts, the partners may be personally liable for them.

A Firm with Multiple Owners Who Share the Profits and Bear