Unformatted text preview: being taken to help pay back what Wal-Mart owes. Law Firms are a great example for a partnership, because they normally start and grow with a some laws coming together and pooling their talents to establish a company in which they are the only stockholders and owners. Your "mom and pop" stores are your example for sole proprietorship. This is because a sole proprietorship is a no incorporated business entirely owned by one person. "Mom and pop" stores are started up and ran by one person and in turn they are the only ones with risk and something to lose. There is no stock to be sold and bought as well....
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- Summer '09
- Corporation, Types of companies, Legal entities