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In 1939, Bill and Dave changed their form of business ownership from a partnership to a corporation under the name Hewlett-Packard. Characterize this form of

  1. In 1939, Bill and Dave changed their form of business ownership from a partnership to a corporation under the name Hewlett-Packard. Characterize this form of business ownership by addressing the following:
  2. Describe two advantages of this form of business ownership.
  3. Describe two disadvantages of this form of business ownership.

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