emily2wisa emily2wisa
  • 03-11-2020
  • Law
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What characteristics do Sole Proprietorship, Partnership and Corporations have in common?

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chasethompson77
chasethompson77 chasethompson77
  • 03-11-2020

Answer:

Sole proprietorships and partnerships are both easy and inexpensive to set up. These type of businesses are not separate legal entities. This means that these businesses don't file their own tax returns, and everything owned by the businesses are still owned by the owners personally.

Explanation:

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