Question

Joe and zoya are lawyers. They have agreed upon starting a law firm, where they intend to share the profits and losses in the ratio of 3:2. What is this business ownership known as?

Answer 1

I think it’s called a co business but not sure hope it’s right

Answer 2

Co -business

Step-by-step explanation:

The business is owned by two people in a partnership. So, the company is likely to be a co. company. In such a partnership, the business is co-owned, meaning that it is owned jointly by the two parties. The parties own the business depending on the shareholding capacity. These people can e natural people, legal, or even a mixture of both carrying out an industrial enterprise or commerce. In addition, the shareholding and expenses are divided evenly or according to a determined ratio.