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Business enterprises

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Many business enterprises start as a sole proprietorship, when the owner of the business trades on his own account, often as a livelihood. He may enter into partnership with others in order to gain access to more resources as the business grows. He may also form a company to take advantage of limited liability, or to raise more capital. This company may become quoted, with its shares listed on a stock market; and a very few such companies may develop or merge into large investor-owned groups. A famous example of such a progression is Rolls-Royce. [6]

Creating Risk Capital

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