select the correct text in the passage. select the statement that indicates tinas company is a partnership…

select the correct text in the passage. select the statement that indicates tinas company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because its well - connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother - in - law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in tinas business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

select the correct text in the passage. select the statement that indicates tinas company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because its well - connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother - in - law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in tinas business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Answer

Brief Explanations:

A partnership involves two or more people contributing capital and sharing in management and profits. The key - statement here is about Philip making an investment, managing aspects of the business, and having a share.

Answer:

To raise capital for the business, Tina turned to her brother - in - law, Philip. Philip made half the financial investment. He manages the accounts and social media needs of the business. He has a 30% share in Tina's business.