Question

As attorneys who share equal ownership, profits, and losses in their firm, raymond james and alexander doss have opted for which legal form of business ownership?

Answer 1

Based on the scenario above, Raymond James and Alexander Doss have opted for the legal form of business ownership called partnership. Partnership in regards to business ownership is being defined as having a legal relationship in business in which both parties have an agreement to carry a certain business and the profits and losses are being divided.