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Corporation
A legal entity that is separate and distinct from its owners, capable of conducting business, entering into contracts, and owning assets.
Corporate Form
A legal structure for organizing a business as a separate legal entity, distinct from its owners, with its own rights and liabilities.
Advantages
The positive aspects or benefits associated with a decision, strategy, or action.
Franchise
A business model where a franchisee obtains the rights to operate a business under the franchisor's brand and system in exchange for a fee.
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