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Unformatted text preview: Transferability of the business, both during life and upon death • Retention of control Franchise NOT a form of ownership. A franchise is a popular way to operate a business. Entrepreneur NOT a form of ownership. An entrepreneur can be defined as a person who risks his or her wealth, time and effort to develop for a profit an innovative product or way of doing something. Current as of 12/14/2010...
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This note was uploaded on 12/13/2010 for the course BCOR 1010 at Colorado.