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C Corporation
An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.
Shareholders
Individuals or entities that own shares in a corporation, thus having a claim on part of its assets and earnings.
Legally Liable
Being subject to legal responsibility or obligation, particularly in the context of lawsuits or compensations.
Sole Proprietorship
A business ownership structure where a single individual owns, operates, and is responsible for all aspects of the business.
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