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Growth during middle childhood is quite abrupt and unpredictable.
Corporation
A legal entity that is separate and distinct from its owners, allowing it to own assets, incur liabilities, and conduct business in its name.
General Partnership
A type of business partnership where all partners share management responsibilities and are equally liable for business debts and obligations.
Pooled Talents
The combining of skills, knowledge, and abilities from multiple individuals or teams to achieve a common goal.
Chapter 11 Bankruptcy
A type of bankruptcy that focuses on restructuring a debtor's business operations, liabilities, and assets, known by the designation of chapter 11 in the U.S. bankruptcy code.
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