GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Partnership is only two owners.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -There are two key differences between an LLC and a partnership: how they are formed and liability. A partnership is a business where two or more individuals operate the company as co-owners.
Detailed explanation-2: -Answer and Explanation: A partnership is an association of TWO or more persons to carry on as co-owners of a business for profit. One person cannot form a partnership alone.
There is 1 question to complete.