Allyson is an entrepreneur, and she wants to share the risk of a startup business with one or more additional people. She is willing to evenly share profits and decisions as well. What type of business fits these criteria?
1 answer
Allyson can look into forming a partnership business in which two or more people share ownership and decision-making responsibilities. In a general partnership, all partners share the risks and profits equally. This would be a good option for Allyson if she wants to share the risk of a startup business with one or more additional people while still sharing profits and decisions evenly.