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Written by:
Isabel R
Date added:
April 16, 2014
Level:
University
Grade:
A
No of pages / words:
3 / 725
Was viewed:
603 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...
displayed 300 characters
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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...
displayed 300 characters
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