Jeanette, Harley, Ann, and Toby decide to start a business to sell figurines over the internet for a period of 18 months until they graduate from school. They agree to management directly by all owners. Each will own an equal share of the company. All four participants also have and will continue to be involved in other occupations. Using a deductive reasoning approach, explain the type of business organization they have created. State both the applicable principal of law and relevant facts from the problem that support your conclusion.
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