Which of the following parties would joint ownership of assets apply to in a typical partnership?

In a typical partnership, joint ownership of assets primarily applies to general partners. These individuals are actively involved in the management of the partnership and contribute to its operations and decision-making. As part of the partnership agreement, general partners typically share ownership of the partnership's assets, including any property, equipment, or financial resources that are used to facilitate the partnership's business activities.

This joint ownership is fundamental to the structure of partnerships, where the assets are not owned by individuals separately, but collectively as part of the partnership entity. Each general partner usually has a stake in the assets and is liable for the partnership's debts, which reflects the notion of shared responsibility and risk associated with joint ownership.

In contrast, shareholders are generally associated with corporate structures, limited partners have a more passive role and do not engage in management, thus do not typically share in the ownership of the partnership’s assets in the same way as general partners. Employees, while they may work for the partnership, do not hold ownership rights to the assets unless specifically granted by the partnership agreement.