Examlex
Distinguish between a data model and a database design.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders; it has its own rights and liabilities.
Shareholders
Individuals or entities that own shares in a corporation, thereby having a claim on part of the corporation's assets and earnings.
Partners
Individuals or entities who engage in business together with the goal of making a profit, sharing the profits and losses according to their agreement.
Partnership
A valid form of business collaboration that entails two or more individuals equally partaking in management and enjoying profits.
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