Question: 2. When Bill and Dave joined forces in 1938, they were structured as a partnership. Characterize this form of business ownership by addressing the following:

2. When Bill and Dave joined forces in 1938, they

2. When Bill and Dave joined forces in 1938, they were structured as a partnership. Characterize this form of business ownership by addressing the following: a. Define this form of business ownership. b. Describe two advantages of this form of business ownership. c. Describe two disadvantages of this form of business ownership d. Describe the difference between a general partnership and a limited partnership. Assuming that Bill and Dave were the only two partners, indicate how their partnership should be classified

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