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Compare and Contrast (A) Proprietorship,(b) Partnership and (C) Incorporation

question 9

Essay

Compare and contrast (a) proprietorship,(b) partnership and (c) incorporation.


Definitions:

Corporation

A corporation is a legal entity that is separate from its owners, providing them with limited liability. It is capable of owning assets, borrowing money, and being sued or suing.

Conflict

A struggle or contest between people with opposing needs, ideas, beliefs, values, or goals.

Mediate

To intervene in a dispute in order to resolve it or bring about a settlement.

Personality Theory

A framework for analyzing and categorizing the psychological characteristics and behaviors that make each person unique.

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