Examlex
What are the three most common types of unions? Define each.
Entity Partnership
A business structure where two or more entities join together in partnership to conduct business.
Limited Liability Company
A corporate framework that merges the tax benefits of a sole proprietorship or partnership with the protective limited liability found in a corporation.
Sole Proprietor
The single person at the head of a sole proprietorship.
Cooperatives
A business organization owned and operated by a group of individuals for their mutual benefit.
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