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K For each of the characteristics of a business organization, select whether it applies to a sole proprietorship, partnership or a corporation. There may
K For each of the characteristics of a business organization, select whether it applies to a sole proprietorship, partnership or a corporation. There may be more than one correct answer for a characteristic. Business organization characteristic Separate legal entity Owner(s) are personally liable for the business's debts Separate taxable entity One owner Entity(ies) to which the characteristic applies
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