Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. What kind of partnership should he form
financial partnership
limitied partnership
general partnership
family partnership
Joseph should form a general partnership with his cousin Billy. A general partnership is a type of partnership where all partners have equal ownership and are equally responsible for the operation and management of the business.
Joseph and his cousin Billy should form a general partnership.
