Examlex
In preparing a diagram or chart for use in court, it is important to remember that
Partnership
A statutory business form that includes shared management responsibilities and profit distribution among several individuals.
Proprietorship
A business model where a single individual owns the company and is responsible for its assets and liabilities, also known as a sole proprietorship.
Single Individual
Refers to one person acting in a capacity, either personally or legally, without partnership or company.
Business
An organization involved in the trade of goods, services, or both to consumers.
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