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Discuss the varied causes and ramifications of cohabitation among couples who choose it as a living arrangement before marriage, instead of marriage, or after divorce.
Partnership Debts
Liabilities or financial obligations incurred by a partnership in the course of its business activities.
Limited Liability
This refers to a business structure where the owners' personal assets are protected from company debts and liabilities.
Sole Proprietorship
A company that is both owned and run by one person, with no separate legal identity between the proprietor and the business itself.
Separate Legal Entity
A business structure that is legally considered an independent entity separate from its owners, such as a corporation or LLP.
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