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Legal Person
An individual or organization capable of bearing legal rights and obligations, including the ability to enter into contracts and sue or be sued.
Corporation
A legal entity recognized by law as a separate entity from its owners, providing limited liability but allowing it to enter into contracts, sue, and be sued.
Sole Proprietor
A business structure where a single individual owns, manages, and bears the responsibilities for all aspects of the business.
Limited Liability
A legal status where a person's financial responsibility is limited to a fixed amount, usually the value of their investment in a company or partnership.
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