Question

An association of two or more persons to carry on business. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️

An association of two or more persons to carry on business⤵️⤵️⤵️⤵️⤵️

(Partnership Firm)

Answer 2

Answer:

As per the question

An association of two or more persons to carry on businesses co owners

* Unincorporated business owned and operated by two more persons

*each of the partners control the operations and profit

*No need to enter into a formal agreement for a partnership to exist at a law

*If the partnershipagreement is silent, the UPA governs.

* If the agreement does not state otherwise, the profit of the partnership are divided equally

*Each partner has unlimited, personal liability for business debts.