A Partnership

Multiple Choice

A partnership:

A) is a form of business ownership with a single owner who usually actively manages the company.
B) is a form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners.
C) is a form of business ownership that offers both limited liability to its owners and flexible tax treatment.
D) is a voluntary agreement under which two or more people act as co-owners of a business for profit.