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Unformatted text preview: to creditors. Only the money the companys employees had invested would be at stake. A law firm is a good example of a partnership. Most law firms are partnerships because they consist of two or more licensed attorneys who have put together money to form a business and agree to work together for the sake of make the business profitable. A daycare run from a private residency is an example of a sole-proprietorship business. A daycare is perfect for running the business from the home being registered with the state to provide subsidized daycare to eligible families. As a sole-proprietor the cost of the business fell on mean the profits the owners. Being responsible for all personal bookkeeping, as well providing the customers statements for their bookkeeping and tax purposes...
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This note was uploaded on 02/25/2012 for the course ECON 101 taught by Professor Abbasi during the Spring '11 term at American Jewish University.
- Spring '11