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Identify/define and explain the significance of the following: the Napoleonic legend.
Legally Liable
The state of being legally responsible for something, typically involving a financial or other obligation.
Sole Proprietorship
A business structure where a single individual owns, manages, and is responsible for all aspects of the business.
Business Owner
An individual who legally possesses a company, bearing both the risks and benefits associated with the enterprise.
Separate Entity
A concept in accounting and law where a business is recognized as having its own legal rights and obligations, distinct from those of its owners or members.
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