Respuesta :
It's a partnership. I have to write more words but that's what that arrangement is.
The story is about a sole proprietorship.
A sole proprietorship is a form of business organisation that is owned by a single person.
Characteristics of a sole proprietorship
1. it is owned by one person
2. The liabilities of the company is unlimited.
3. The business has a limited capacity to raise capital.
Advantages of sole proprietorship
1. They are easy to establish
2. The entrepreneur has complete control over the business
Disadvantages of sole proprietorship
1. The business ceases to exist when the business owner dies.
2. the owner has an unlimited liability.
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