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Question # 4
Multiple Choice
The legal form of business ownership that is owned by two or more people is called a
corporation
limited liability company
sole proprietorship
partnership

Sagot :

GinnyAnsweridn

Final answer:

A partnership involves joint ownership and shared profits and losses among partners.


Explanation:

Partnership: A business owned jointly by two or more individuals who share in the profits and are jointly responsible for losses.

In a partnership, each partner contributes to the business's success and is liable for its debts. This structure allows for shared decision-making, financial responsibilities, and profits among the partners.

Unlike a corporation, a partnership does not have a separate legal identity from its owners, making the partners personally liable for the business's obligations.


Learn more about Types of Business Ownership here:

https://brainly.com/question/41846295


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