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Mergers
Combinations of two or more corporations into a larger corporation
Horizontal mergers
Combination of 2 or more corporations that provide similar goods or services
Vertical mergers
Combine 2 or more firms involved in different stages of producing a good service
Conglomerate
Combination of 3 or more businesses making unrelated products
Sole proprietorship
Business owned by 1 person
Easy to start
Full control
Sole receiver of profit
Easy to discontinue
Unlimited liability
Limited access to resources
Lack permanence
Partnership
Business owned by 2+ people who share responsibility and liability for it
Shared decision making and specialization
Larger pool of funds
Taxation (pay own taxes, business doesn’t)
At least one partner has unlimited liability
Bound by each others actions
Cor