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Essay

Finance

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Issue:

Business

 

Written by:

Ricky S

 

Date added:

June 5, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 318

 

Was viewed:

2699 times

 

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Essay content:

(Mauro, nd) This division also experiences unlimited liability meaning they are solely responsible for all debts incurred. In a partnership there can be two or more partners who are responsible for all aspects of the business; profits, liabilities, management, and assets. These partnerships are formed by individuals who will hopefully bring different strengths, resources, and expertise needed to run the business...
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One problem a partnership can face is each partner having different visions or goals. (AllBusiness, 2007) The final division is the corporation, an entity that exists entirely separate from its owners. The owners of a corporation are the shareholders, otherwise known as stock holders. The stockholders have limited liability; they are not responsible for the corporation's actions...
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