Differentiate proprietorship partnership or corporation

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Question: A corporation, organized in accordance with state or federal statutes, is a separate legal entity in which ownership is divided into shares of stock. A proprietorship is an unincorporated business owned by one individual. A service business provides services to its customers. It can be organized as a proprietorship, partnership, or corporation. A partnership is an unincorporated business owned by two or more individuals.

Reference no: EM131526289

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Differentiate proprietorship partnership or corporation : A corporation, organized in accordance with state or federal statutes, is a separate legal entity in which ownership is divided into shares of stock.

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