Examlex
Evaluate.
General Partners
Individuals in a partnership who are responsible for the management of the business and are personally liable for the partnership's debts.
Corporate Income
The income generated by companies from their operations, including sales, services, and investments.
Taxed
Subjected to a charge or levy by the government on income, transactions, or property to fund public expenditures.
Sole Proprietorships
Sole proprietorships are businesses owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
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