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Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.
General Partnership
A business arrangement where two or more individuals share ownership and the responsibility for managing a company and the liability for the company's debts.
Limited Liability
A legal framework where a company's shareholders' financial liability is limited to the amount they invested in the company.
Ease of Formation
The simplicity with which a new business or organization can be legally established.
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