charles and ellen, an unmarried couple, run an ice cream store. the business is not incorporated, and they have filed no formation papers with the state. their business is a

partnership

Explanation:

Since they have not filed formation papers, this must be considered a partnership. If they file formation papers, then it could be a limited liability company. Partnerships are created even if no paperwork at all exists. When not even a partnership agreement exists, the partners will share profits and losses equally and are not allowed to collect a salary. They have to wait until any profits are made to collect any money.  

nice

explanation:

you two can make a great couple, goodluck caring for each other

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.