Exam (elaborations)
ARE 5.0 Practice Management exam 2022/2023 with 100% correct answers
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- Institution
5 types of firms 1. Sole Proprietorship 2. General/Limited Partnership 3. Corporation 4. LLC/LLP 5. Joint Venture Sole Proprietorship - Key Features 1. One owner 2. Requires only name/location and logo/license 3. Formation: Easy to set up 4. Tax advantage: business expense/loos deducted fr...
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