Answer:
The answer would be D
Explanation:
A partnership in a business is similar to a personal partnership. Both business and personal partnerships involve:
- Pooling money toward a common purpose
- Sharing individual skills and resources, and
- Sharing in the ups and downs of profit and loss.
A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. The partners in a business partnership invest in the business, and each investor/partner has a share in the profits and losses.
The partnership as a business must register with all states where it does business. Each state his several different kinds of partnerships that you can form, so it's important to know the possibilities (explained below) before you register.
Some partnerships include individuals who work in the business, while other partnerships may include partners who have limited participation and also limited liability for the debts and lawsuits against the business.
