A legal arrangement where two or more people share ownership of a business is called a "partnership".
A partnership is a formal plan in which at least two parties participate to oversee and work a business. Different organization courses of action are conceivable in which all accomplices may share liabilities and benefits similarly or a few accomplices may have restricted risk.
A business partnership is a particular sort of lawful relationship shaped by the agreement between at least two people to carry on a business as co-proprietors. A partnership is a business with different proprietors, every one of whom has put resources into the business.