Examlex
When integrating separate REA diagrams,
Privately Owned
Properties or businesses that are owned by individuals or corporations rather than by the government or public.
Corporation
A legal entity recognized by law as separate from its owners, with rights to own assets, incur liabilities, and conduct business.
Closely Held
A business structure where the ownership is concentrated in a small group of individuals, often family members.
Agency Relationships
A legal and fiduciary relationship between two parties, where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.
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