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Hugo and Mia have started a business together; Mia paid for half of the start-up costs, but she is not involved in the management of
Hugo and Mia have started a business together; Mia paid for half of the start-up costs, but she is not involved in the management of the company. Hugo is responsible for hiring new employees, supervising employees, and managing operations. They share in the profits, but Hugo receives a larger share because Mia has received her initial investment back. This scenario represents a :
general partnership.
sole proprietorship.
joint venture.
limited partnership.
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