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Many organizations use collaboration because
Limited Liability
Status that specifies that an individual’s liability will not go beyond his or her original investment.
Personally Liable
The responsibility of an individual to pay a debt or fulfill an obligation from their own assets, not just the assets of a business or an entity they represent.
Capital Investment
Funds invested in a business venture with the expectation of generating income or profit.
Close Corporation
A corporation whose shares of stock and managerial control are closely held by fewer than 50 shareholders (often members of the same family) or by one person.
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