A partnership under which the participants have contractually agreed to contribute specified amounts of money and expertise in exchange for stated proportions of ownership and profit is called

Question

Quizplus · Accepted Answer

A joint venture is a type of partnership where the participants agree to contribute money and expertise and share ownership and profits according to specified proportions. Limited partnership, GmbH, and S.A.R.L. are all different legal entities that may involve ownership and profit sharing, but they have different structures and regulations.

A Partnership Under Which the Participants Have Contractually Agreed to Contribute