Breifly describe the characteristics of sole proprietorship, partnership and corporation and their pros and cons.

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Breifly describe the characteristics of sole proprietorship, partnership and corporation and their pros and cons.
Corporation
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...
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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MIS Essentials

ISBN: 978-0133807479

4th edition

Authors: David M. Kroenke

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