Examlex
A professional appearance means:
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders, offering limited liability but facing double taxation.
Partnership
A legal form of business operation between two or more individuals who share management and profits.
Sole Proprietorship
A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities, representing the ownership's value in the business.
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