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Issue:

Business

 

Written by:

Isabel R

 

Date added:

April 16, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 725

 

Was viewed:

309 times

 

Rating of current essay:

 
Essay content:

Each partner has total and unlimited personal liability of the debts incurred by the partnership. There are three typical classifications of partnerships: general partnerships, limited partnerships, and limited liability partnerships. * Corporation: A business corporation is a for-profit, limited liability entity that has a separate legal personality from its members...
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A corporation is owned by multiple shareholders and is overseen by a board of directors, which hires the business's managerial staff. * Cooperative: Often referred to as a "co-op business" or "co-op", a cooperative is a for-profit, limited liability entity that differs from a corporation in that it has members, as opposed to shareholders, who share decision-making authority...
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