Question

The growing popularity of bread machines has become a new business opportunity for Shelly Clemins and Jan Schoenbarr. The women make and sell bread machine covers and fabric gift bags to hold the bread loaves made in the machines. The women share the responsibilities of running the business (called Bread & Butter) as well as its profits equally. Bread & Butter would be an example of a(n):

Answer 1

Answer:

The correct answer to the following question will be "General partnership ".

Explanation:

• A relationship in which certain parties are associates in particular. A business structure wherein the two or even more individuals communicate throughout the company's ownership or capital and profits and losses.
• Throughout this kind of strategy, two or more individuals start sharing only certain profits, losses, dominate and control, as well as risk to the corporation, jointly liable.

So that the given statement would be the example of General partnership.