3 years ago

All of the following phrases describe a partnership except

1 answer:

4 0

<span>a. shared responsibility for decisions.</span>

A partnership is a legal form of business operation between two or more individuals who share management and profits. There are two types of partnership: general partnership and limited partnership.

<span>In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.
In a limited partnership, it has both general and limited partners. </span>

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