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What are the controls design considerations in a new AIS?
C Corporation
A business structure where the company is taxed separately from its owners, offering limited liability protection to its shareholders.
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.
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