Answer:
C.) The business may end if one owner chooses to leave.
Explanation:
A partnership business requires two or more people to come together and make a formal agreement to combine their resources to do business. Usually, partnerships are founded by people with the same business vision. Owners of a partnership business are known as partners.
Partners share responsibilities in running the business. Profits and losses realized are shared as per the partnership deed. A partnership business is simple in formations. Partners can raise capital with relative ease than a sole trader. The business passes its income as the income of partners. However, the death, withdrawal, or bankruptcy of one partner may lead to the partnership's dissolution.
