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EZE Directory : EZE Articles : Real Estate Lawyer - Five Ownership Structures For Those Planning To Put Money Into Property

article.ezedir.com/2012_06_09/article_Real_Estat... - Details

vestigocorp: 1. Sole Proprietorships A sole proprietorship is easily the most basic form of business organization and also exists whenever a person carries on company for her or his own account without the participation of other individuals, other than...

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vestigocorp saved this page on 09/19/2012 07:41am

1. Sole Proprietorships A sole proprietorship is easily the most basic form of business organization and also exists whenever a person carries on company for her or his own account without the participation of other individuals, other than as employees. It is relatively inexpensive to create as well as require few lawful formalities. Just about all advantages flowing from the company, such as earnings along with assets, accumulate exclusively to the sole proprietor, as well as correspondingly, all obligations including losses, as well as legal responsibility associated along with the company are additionally the sole proprietor's responsibility. An important drawback to sole proprietorships is the fact that there is simply no limited liability for the sole proprietor; almost all business and individual assets may be seized in satisfaction of the sole proprietor's company obligations and liabilities. The sole proprietor may limit his or her individual liability exposure through contrac

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