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Business enterprise engaged in a common pursuit. Common enterprises include affiliated companies, partnerships, and joint ventures. In determining if a common enterprise was impliedly created, courts look to the intent of the participants. Factors showing intent include (a) the sharing of profits and losses, (b) the sharing of management, and (c) joint ownership of the enterprise. A common enterprises can be created by estoppel if the participating parties to the enterprise hold it out as being a single or common enterprise and third parties rely on this to their detriment.

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