Mr. Y and Mr. Z are planning to share their capital to run a business. They are going to employ which of the following type of business?

A. Sole-proprietorship
B. Partnership
C. Corporation
D. None of the given options

Having more than 2 owners of a business entity is called “Partnership”. Having more than seven owners of a business entity is called corporation..

Correct Answer: Partnership ✔

Last Updated: August 17, 2017