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Dona Owns Factory Machinery and the Tools to Service It

question 62

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Dona owns factory machinery and the tools to service it, as well as office furniture, including computers. Emily owns patents, trademarks that identify the products made under those patents, and stock in the company that sells those products. Personal property includes items owned by​


Definitions:

Sole Proprietorships

A business structure owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

Articles of Partnership

A legal document that specifies the rights, responsibilities, and operational arrangements for partners in a partnership business.

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