All of the partnership phrases describe a partnership except B. LACK OF CONTROL FOR YOU.
A partnership is a legal form of business operation between two or more individuals who share management and profits. There are two types of partnership: general partnership and limited partnership.
In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.
In a limited partnership, it has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.
