Final answer:
Georgia law permits co-ownership in the form of general partnerships, wherein partners share both the responsibilities and the profits of the business.
Step-by-step explanation:
Georgia law allows various forms of co-ownership, including general partnerships. A general partnership involves two or more people who collaborate in owning and operating a business.
This arrangement not only allows sharing of responsibilities in managing the business but also entails the distribution of profits among the partners.
Each partner in a general partnership has equal right to participate in the management and control of the business, assuming responsibility for the debts and obligations of the business as well.