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.
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
1 answer
7 answers