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19.Do sole proprietorships, partnerships and corporations face the same liability. Explain 20. What are the advantages and disadvantages of sole proprietorships, partnerships and corporations 21.

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19.Do sole proprietorships, partnerships and corporations face the same liability. Explain 20. What are the advantages and disadvantages of sole proprietorships, partnerships and corporations 21. What does the term 'separate legal entity' apply to, and what is its significance 22. When would the courts lift the corporate veil

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