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Entrepreneurship
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Business Ownership and Legal Structures
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Entrepreneurship
ENT.131 Business Ownership and Legal Structures
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A pop-up shop is owned by two general partners who share profits and losses. The case says neither has created an LLC, corporation, cooperative, franchise, or nonprofit. Which structure remains?
A
Partnership - multiple general partners share profits and losses
B
Corporation - requires shareholder entity facts
C
Nonprofit - mission entity with no owner profit distribution
D
Sole proprietorship - one owner only
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