Key Area 9

• By Avery Trendel

Corporation

•A corporation is a separate legal entity formed by documents filed with your state.

•It is owned by one or more shareholders and managed by a board of Directors

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Partnership

•A partnership is a business owned and controlled by two or more people who have entered into a written agreement

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Sole Proprietorship

•A sole Proprietorship is a business owned and run by just one person!!!!!

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Franchise

•A franchise is a written contract granting permission to operate a business to sell products and services in a set way.

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Business

Key Area 9