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Business Entities
Organizations established as separate legal entities for the purpose of conducting business, such as corporations, partnerships, and sole proprietorships.
Sole Proprietorship
A business structure where the business is owned and operated by a single individual, who bears unlimited liability.
Corporation
A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.
Capital Account Balance
The amount of money in a company's or individual's capital account, indicating the net investment in the entity at a specific point in time.
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