Which sentences describe characteristics of a partnership? the owners are free from personal liability. the owners pool their resources to raise capital. the owners in a partnership are called members. the business benefits because owners can share responsibilities.

The correct answer would be option B, The owners pool their resources to raise capital.

Explanation:

Partnership is one of the four main forms of business. Other forms include Sole proprietorship, corporation, limited liability, etc. Partnership is a form of business in which there are two or more people who invest their money and time to flourish the business. The partners or owners invest their resources to raise capital. These resources can be in the form of money, technology, human, expertise, etc. All such resources will benefit the company and eventually increase the capital of the company and this increase will ultimately give benefit to the partners as they are the ones who will receive the profits.