Question

9.
Jamal and Rahul are a married couple who own and run their own bakery. What would their business be classified as?


sole proprietorship


general partnership


limited partnership


limited liability partnership

Answer 1

Jamal and Rahul's bakery would be classified as a **general partnership**. A general partnership involves two or more individuals who share ownership and management responsibilities for a business. Since Jamal and Rahul are married and run the bakery together, they fit the criteria for this classification.