An organization that is made up of many owners who normally are not active in the decision-making and operations of the business. is what. Answer: Limited Partnership
A business owned by one person who typically runs and manages the business. is what.
Answer: Proprietorship
A new type of business structure that combines the benefits of a partnership and corporation. is what. Answer: Limited Liability Corporation
Answer: Partnership Two or more people who share the ownership of a single business.