Examlex
What has contributed to the decline in discretionary outlays by the federal government?
Sole Proprietorship
A business structure where a single individual owns, operates, and is responsible for the business, enjoying all profits and bearing all losses.
Limited Liability Corporation
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Non-Profit Organization
is an entity that operates for a collective, public, or social benefit rather than generating profits for owners or investors.
Professional Corporation
A type of corporate structure available to professionals like lawyers, doctors, and accountants, which offers certain legal and financial protections.
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