When two or more people agree to contribute resources to start and operate a business,it is called a __________.

Question

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A partnership is a business structure in which two or more individuals agree to contribute resources to start and operate a business together. Each partner shares in the profits and losses of the business, and has equal control over decision-making. A limited liability company (B) and corporation (D) also involve multiple contributors, but have different legal structures and ownership models. Sole proprietorship (C) is a business structure in which there is only one owner, and therefore does not involve multiple contributors.

When Two or More People Agree to Contribute Resources to Start