What is a business run by two or more people no stockholders?

A business run by two or more people without stockholders is typically referred to as a partnership. In a partnership, the owners, known as partners, share the responsibilities, profits, and liabilities of the business. This structure allows for more flexibility and personal involvement in decision-making compared to corporations, which have stockholders. Partnerships can take various forms, such as general partnerships or limited partnerships, depending on the level of liability and involvement of each partner.