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Additional Concepts
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Information Age
A period in human history characterized by the shift from traditional industry to an economy based on information technology.
Separate Legal Entity
A status that allows a company to operate as its own legal entity, distinct from its shareholders, with rights to sue, be sued, own assets, and incur liabilities.
Taxable Entity
A taxable entity refers to any individual, business, or organization that is subject to tax by governments.
Business Organization
The structure by which a business is organized and operated, which can range from sole proprietorships to corporations.
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