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19 February, 07:08

What type of business has two or more owners who share in the operation of the firm and are financially responsible for its debts?

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  1. 19 February, 10:18
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    The appropriate response is General Partnership, its plan by which accomplices directing a business together have a boundless risk, which implies their own advantages are subject to the organization's commitments. General partners are also subject to unlimited personal liability for the debts of the business. The general partners of a limited partnership are also jointly and severally liable for the debts of the business, just like partners in a general partnership.
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