In which legal business relationship two or more people agree to share ownership
In which legal business relationship two or more people agree to share ownership and management of a business. a. None of these b. Corporation c. Sole proprietorship d. S Corporation Clear my choice
Homework Answers
Step 1 Correct Option
Correct Option is A - None of these
Partnership is a legal business relationship two or more people agree to share ownership and management of a business.
Step 2 Explanation
A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits
While
A sole proprietorship (also known as individual entrepreneurship, sole trader, or simply proprietorship) is a type of unincorporated entity that is owned by one individual only.
A corporation is a legal entity that is separate and distinct from its owners
A sole Corporation is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person.
Hence the correct answer is None of these
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In which legal business relationship two or more people agree to share ownership
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