Alegal arrangement where two or more people share ownership of a business is called a
a. corporation
b. sole proprietorship
c. partnership
d. franchise

A legal arrangement where two or more people share ownership of a business is called a "partnership".

A partnership is a formal plan in which at least two parties participate to oversee and work a business. Different organization courses of action are conceivable in which all accomplices may share liabilities and benefits similarly or a few accomplices may have restricted risk.  

A business partnership is a particular sort of lawful relationship shaped by the agreement between at least two people to carry on a business as co-proprietors. A partnership is a business with different proprietors, every one of whom has put resources into the business.

explanation:

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answerthe united states of america;