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the businesses - Coggle Diagram
the businesses
start
capital resources
labour resources
natural resources
sole proprietor
+
quickly decisions
easy to organize
all profits
-
limited resources
responsible to all debts
limited life
partnership
+
easy to organize
quickly decisions
profit is shared
-
responsible to all debts
limited life
corporation
+
large
amounts of money
limited liability
-
complex formation
double taxation