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Partnerships

Question $10$ of $75.$

Choose the response that provides the best example of a general parthership.

Gary operates Jeweler's Touch, a jewelry repair shop. His friend Rachel gave him $$30,000$ to open the business. Rachel shares in the profits, but only Gary

Lori and Pamela both own and operate Art Design, a graphic design firm. They are both personally liable for the debts of the business. Lori invested $$50,00$

Wendy owns Food in a Flash, a food delivery business. She operates the business and is personally liable for its debts. She has two employees, Kevin and also be responsible for business debts up to the amount of their initial investment.

William and Amanda both operate Vintage Fashion, a second$-$hand clothing store. William contributed the building in which the store operates, manages th the business. They both share in the profits of the business.

Mark for follow up

Question $11$ of $75.$