shelby and her sister isa want to go into business together selling beauty products. they have agreed to…

shelby and her sister isa want to go into business together selling beauty products. they have agreed to share the risks and profits associated with their new business endeavor, what type of business ownership should they set up? a trust b partnership c corporation d proprietorship

shelby and her sister isa want to go into business together selling beauty products. they have agreed to share the risks and profits associated with their new business endeavor, what type of business ownership should they set up? a trust b partnership c corporation d proprietorship

Answer

Brief Explanations:

A partnership is a business structure where two or more people share ownership, risks, and profits. Since Shelby and her sister want to share risks and profits and go into business together, a partnership is suitable. A proprietorship is owned by one - person, a corporation is a more complex legal entity, and a trust is a fiduciary arrangement not typically for general business ownership in this context.

Answer:

B. partnership