Question: Based on the information provided below, identify the type of business entity described: Max receives a percentage of profits each year from a business in

Based on the information provided below, identify the type of business entity described:

Max receives a percentage of profits each year from a business in which he is a part owner but has absolutely no involvement. Income taxes on the profits are paid by both the business and Max.

Answer:

Based on the information provided below, identify the type of business

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