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One disadvantage to home-based franchises is the feeling of isolation.
Legal Dissolution
The process of legally dissolving a company, terminating its existence by the law.
New Partner
An individual who joins an existing partnership, contributing capital, and sharing in profits, losses, and liabilities.
Unlimited Liability
A legal structure where a business owner or partners are personally responsible for the debts of the business.
General Partner
An owner of a partnership who has unlimited liability and is active in the management of the partnership.
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