Question

Your friend lacks the financial capital to start a business. You offer to help him and he accepts. You and your friend create a (5 points)

Answer 1

Answer:

Partnership

Explanation:

Helping a friend who lacks the financial capital to start a business is called partnership. A partnership is a connection between two or more people who have agreed to participate in work and to divide the profits of the business among each other. By helping his friend he is encouraging his friend to start a new business where he could help others to get a job.

Answer 2

You and your friend have created a partnership