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One reason why many people form stereotypes is that
Liability Purposes
Considerations or actions taken to minimize legal responsibility and financial risk within an organization or personal activities.
Corporation
A legal entity recognized by law as a separate entity from its owners, characterized by limited liability, perpetual succession, and the ability to raise capital through the issuance of shares.
Partnership
A business arrangement legally recognized, where two or more partners collaborate in managing the business and splitting the profits.
Legal Structure
The framework of laws and regulations within which individuals, businesses, and organizations operate.
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