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Why has entity theory fragment into two separate conceptions

Discussion Post: Entity Theory

Why has the entity theory fragmented into two separate conceptions?

The entity theory states that the business is different from its owner. Business is a separate legal entity. Under this theory, owners are not liable for the company's loans, and the owner's assets are not at stake.

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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