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General companions in a partnership , plus anybody who personally owns and operates a enterprise with out making a separate authorized entity, are personally answerable for the money owed and obligations of the enterprise. In recent a long time, states modeled a few of their belongings and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type management system. Many state establishments and enterprises in China and Russia have transformed into joint-stock firms, with part of their shares being listed on public inventory markets.
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