Asked by Bailey Goodman on Apr 30, 2024
Verified
A voluntary association between two or more people who co-own a business for profit is called a corporation.
Voluntary Association
A group formed by individuals who voluntarily come together to pursue a common interest or goal.
Co-own
To have joint ownership or share ownership rights of a property, asset, or entity with one or more individuals or entities.
Corporation
A legal entity that is separate from its owners, who share limited liability protection, and is recognized by law as having rights and responsibilities.
- Embrace the fundamental types of business proprietorship along with their distinct features.
Verified Answer
Learning Objectives
- Embrace the fundamental types of business proprietorship along with their distinct features.
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