Examlex
Which step is not a part of the organization process?
Partnership
A business arrangement recognized by law involving two or more partners who collectively oversee the business and divide its profits.
Cooperatives
Organizations owned and operated by a group of individuals for their mutual benefit, where profits and decision-making are shared among members.
Incorporated
A business that has been formed into a legal corporation, providing its owners with limited liability.
Limited Liability Company (LLC)
An unincorporated business that is taxed like a partnership, with the members paying personal income taxes, and has the limited liability of a corporation.
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