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Sole Proprietorship
A business structure where the business is owned and run by one individual, where there is no legal distinction between the owner and the business entity.
Partnership
A business formed by two or more co-owners.
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, incurring debt, and being sued or suing.
Hybrid Partnership
A business organizational structure that combines features of both partnerships and corporations, allowing for flexibility in management and liability.
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