Interview the owners of two local small businesses. One business should be organized as a corporation and
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Interview the owners of two local small businesses. One business should be organized as a corporation and the other as either a sole proprietorship or a partnership. Inquire as to:
- Why this form of entity was selected.
- Have there been any unforeseen complications with this form of entity?
- Is the form of entity likely to be changed in the foreseeable future? And if so, why?
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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