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General partners in a partnership , plus anyone who personally owns and operates a Business News without creating a separate legal entity, are personally liable for the debts and obligations of the business. Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.
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One must conduct market research first and then develop a business plan. The next step must be to seek capital or other funding and …