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Bahamas Technology Theme Park
Antoinette Pinder-Darling
Sole Proprietorship
Business Exhibit
Partnerships
Corporations
Sole Proprietorship
Sole proprietorships are owned and controlled by one person - who takes on all the responsibility and risk of running the business.
Review Story/Lesson
Corporations
A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.
Partnerships
An arrangement where two or more persons agree to cooperate to advance their mutual interests.
These can be formed by a handshake.
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