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What Is a Corporation (Or Limited-Liability Company) and How Does

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Essay

What is a corporation (or limited-liability company) and how does it differ from partnerships and other forms of business association? What are the different kinds of corporations?


Definitions:

Cost Of Software

The total expenses involved in the acquisition, development, upgrade, and maintenance of software, including licensing fees and operational costs.

Coding Software

Tools and applications designed to create, test, and maintain computer code and programs.

Copyright

A grant from a governmental authority that provides the creator of intellectual property with ownership of it for a specified period of time, currently the life of the creator plus 70 years.

Open System

Refers to a computing system that provides an environment which supports applications and services that are interoperable and can be easily integrated into other systems.

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