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Business
Business is the practice of making one's living or making money by producing or buying and sellingproducts (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liabilitycompany. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates.
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