A __________ consists of business partners who agree on the contribution of resources and skills to the new venture,and on the sharing of profits,losses,and management responsibilities.

Question

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A general partnership involves two or more business partners who agree on contributing resources, sharing profits and losses, and taking on management responsibilities. It does not provide limited liability protection for partners, meaning that they may be held personally liable for the actions and debts of the partnership.

A __________ Consists of Business Partners Who Agree on the Contribution