Business entity: Any organization which is established with the purpose to earn profit and to carry on a business for indefinite period. Every business entity has its seal as signature which shows its separates existence. To Explain: The benefit in the conversion of sole proprietorship into corporation.

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Chapter 1, Problem 10Q

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Business entity: Any organization which is established with the purpose to earn profit and to carry on a business for indefinite period. Every business entity has its seal as signature which shows its separates existence.

To Explain: The benefit in the conversion of sole proprietorship into corporation.

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