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.
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.
In 500 B.C., two leaders made reforms that gave people more power.These leaders were Solon and Cleisthenes .In Athens,many poor people owned more money than they could repay,Because of this,they were forced to become slaves.