Question

Gianpiero and Zach have pooled their money together to buy real estate but have filed no formal papers to form a business. Gianpiero, a lawyer, handles all the legal matters and Zach, a real estate broker, finds buyers for the property they have subdivided. Gianpiero and Zach are engaged in a:

Answer 1

Answer: Partnership

Step-by-step explanation:

Partnership is an arrangement whereby two or more people oversee a business operations and then share the profits and liabilities made. Gianpiero and Zach pooling their money together shows that they are into partnership.

Advantages of partnership include easy formation, large resources, balanced judgement and combined skill, risk sharing and prompt decisions.