Question

Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. What kind of partnership should he form?


A. Limited partnership


B. General Partnership


C. Financial Partnership


D. Family Partnership

Answer 1

This would be a general partnership because both parties are responsible equally.

Answer 2

Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own the shop equally. This is a kind of general partnership.

What is partnership?

A partnership refers to the association of two or more parties operating business and sharing profits equally.

As joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. This is a kind of general partnership.

Therefore, B is the correct option.

Learn more about Partnership here:

https://brainly.com/question/19988417

#SPJ2