Important Business Law Tip: Beware Of The Unintended Partnership Do you know that you can create an unintended partnership and face legal consequences? Yes, this can be created without the intention of the parties. Under the law, when a person shares profit in a business, an unintended partnership may be created. Even when the person …
Why Form A Business Entity? The main reason to form a business is to earn profit. Whether you operate as your own business or as a company or corporation or any other formal legal entity, the same reason applies – earn money. However, the law offers various protections when forming a business. The informed business …
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