A firm jointly owned and run by two or more people who share profits and losses is a partnership.
partnership
Partnership
none
a corporation
A business owned by two of more people is called a partnership. There are general, limited, and limited liability types of partnerships.
partnership...
It could be a Partnership, or a Corporation or Limited
No. Real property owned by two (or more) people as joint tenants passes automatically to the surviving joint tenant upon the death of the other.
A sole proprietorship is owned and ran by one person, a joint partnership is owned and ran by two or more people equally, and a stock company is owned by stockholders and ran by a CEO.
The term that refers to a business owned by two or more people is "partnership." In a partnership, the owners share the profits, responsibilities, and liabilities of the business according to the terms of their partnership agreement. Partnerships can vary in structure, including general partnerships and limited partnerships, depending on the level of involvement and liability of each partner.
A partnership is a business where two or more people come together to start and run a business. Some of the attributes of this type of business is that two or more people share in the profits and losses.