Rob, Dave, and Kelly have opted to form a partnership for their brewery business, allowing them to share profits and losses.
Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery and have chosen to establish their business as a partnership. In a partnership, two or more individuals share in the profits and are jointly responsible for losses.
Partnerships provide a way for individuals to collaborate, share resources, and distribute risks and rewards when starting a business. This business structure allows for shared decision-making and responsibilities among the partners.
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