select the correct answer. alan and desmond have set up a law business in a high - priced office. which type…

select the correct answer. alan and desmond have set up a law business in a high - priced office. which type of business do they have? a. proprietorship b. partnership c. corporation

select the correct answer. alan and desmond have set up a law business in a high - priced office. which type of business do they have? a. proprietorship b. partnership c. corporation

Answer

Brief Explanations:

A proprietorship is owned by one person. A partnership is owned by two or more people who share management and profits. A corporation is a legal entity separate from its owners. Since Alan and Desmond (two people) set up the business together, it's a partnership.

Answer:

B. partnership