definition of firm in business activities
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A firm is a for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services. ... Not to be confused with a firm, a company is a business that sells goods and/or services for profit and includes all business structures and trades.
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A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides professional services. Most firms have just one location.
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