An association of two or more persons to carry on as co-owners of a business for profit is known as a(n) ________.

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A general partnership is an association of two or more persons to carry on as co-owners of a business for profit. In this type of partnership, all partners can participate in the management of the business and share in the profits and losses. The partnership is not a separate legal entity, and each partner is personally liable for the debts and obligations of the partnership. Limited partnerships, corporations, and sole proprietorships are different business structures that have different characteristics and legal implications.

An Association of Two or More Persons to Carry on as Co-Owners