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Unit 4 Assignment 1 BUS3021_Part 2
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Step 2: Explain contract liability for the most common types of business entities. • Sole proprietorship This corporation does not provide for the separation or protection of personal and professional assets, which could become a problem if your company grows and more areas of your life become liable.• General partnership A partnership allows participants to share profits and losses and make decisions together inside the corporate structure. shall be held accountable for the actions and decisions of your business partner You're more likely to acquire business finance if you have numerous proprietors.
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Institution
Capella University
Course
BUS 3201
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Written for
- Institution
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Capella University
- Course
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BUS 3201
Document information
- Uploaded on
- July 30, 2023
- Number of pages
- 3
- Written in
- 2022/2023
- Type
- Essay
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- Unknown
- Grade
- A
Subjects
- bus 3201
- fp 3201
- business law
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u04a1 business entity implications for contract
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unit 4 assignment 1 bus3021part 2
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