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Sole proprietorship
a business that has a single owner, who takes all the risks and receives all the profits
- example = there own business
Corporation
- a business in which invest own shares of stock and have limited liability.
- example= factory
unlimited liability
- a situation in which a business owner is responsible for all the businesses debts.
dividend
- a shareholder share of a corporations profits.
which is most common??
- sole proprietorship