Answer:
partnership
Explanation:
It is a term used in business to describe a relation between two or more individuals that have agreed to share profits, as well as losses, undertaking a lawful business.
The persons in the agreement are called "partners", together they form a "firm".
The partnership has the following characteristics:
1) Membership
2) Unlimited liability
3) Sharing of profit and loss
4) Mutual agency
5) Voluntary registration
6) Continuity
7) Contractual relationship
8) Transfer of interest
