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  • Biz Structure

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    Linh P Hoang
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    This document compares sole proprietorships and partnerships on key business structure criteria. Sole proprietorships have one owner who owns and manages the business assets and is personally liable for all debts and obligations. Partnerships have two or more owners who jointly own and operate the business and each partner is personally responsible for business debts. The document outlines legal requirements, establishment procedures and costs, ownership transfer options, and entity lifespan for each business structure.

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    biz structure

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    This document compares sole proprietorships and partnerships on key business structure criteria. Sole proprietorships have one owner who owns and manages the business assets and is personally liable for all debts and obligations. Partnerships have two or more owners who jointly own and operate the business and each partner is personally responsible for business debts. The document outlines legal requirements, establishment procedures and costs, ownership transfer options, and entity lifespan for each business structure.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Biz Structure

    Uploaded by

    Linh P Hoang
    This document compares sole proprietorships and partnerships on key business structure criteria. Sole proprietorships have one owner who owns and manages the business assets and is personally liable for all debts and obligations. Partnerships have two or more owners who jointly own and operate the business and each partner is personally responsible for business debts. The document outlines legal requirements, establishment procedures and costs, ownership transfer options, and entity lifespan for each business structure.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Sole Proprietorship Partnership

    Company

    Ownership
    Management
    Asset
    ownership
    Liabilities

    Legal
    Requirements
    on Reports
    Establishment
    procedures/co
    sts
    Transfer of
    ownership
    Life of the
    entity

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