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Robert Selman described five stages in children's changing concepts of friendship. In which stage do children remain egoistic, with a concept friendship limited to one who likes to play with the same things and lives nearby.
Registered Partnership
A legally recognized form of partnership which is registered with the appropriate government authorities.
Limited Liability
The condition where a company's owners or shareholders are legally responsible for its debts only to the extent of the capital they invested.
Partnership Control
Partnership control refers to the governance or directive influence exercised by partners in a partnership, affecting decision-making and operations.
Partnership Share
The portion of ownership interest that a partner has in a partnership, often determining the share of profits and losses and the extent of liability.
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