What are the corporate enterprises and non-corporate enterprises?
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A corporation acts as a separate legal entity from shareholders who own the company.
Sole proprietorship or partnerships are non-corporation businesses that have no legal separation from the business owners.
Sole proprietorship or partnerships are non-corporation businesses that have no legal separation from the business owners.
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Explanation:
A corporation is a legal entity that is separate and distinct from its owners. 1 Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."
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