what is a partnership? a partnership is a business structure where individuals own and operate separate…

what is a partnership? a partnership is a business structure where individuals own and operate separate businesses. a partnership is a business structure where only one individual owns and operates a business. a partnership is a business structure where individuals share profits but not losses. a partnership is a business structure where two or more individuals own and operate a business together, sharing profits and losses.

what is a partnership? a partnership is a business structure where individuals own and operate separate businesses. a partnership is a business structure where only one individual owns and operates a business. a partnership is a business structure where individuals share profits but not losses. a partnership is a business structure where two or more individuals own and operate a business together, sharing profits and losses.

Answer

Brief Explanations:

A partnership is a business - structure where two or more individuals own and operate a business together, sharing both profits and losses. The first option is incorrect as it describes separate businesses, the second option is for a sole - proprietorship, and the third option is wrong as losses are also shared in a partnership.

Answer:

A partnership is a business structure where two or more individuals own and operate a business together, sharing profits and losses.