What is a corporation? Learn the types of corporations, corporate form, and the main advantages plus disadvantages of corporations, including...
One of the first major problems in the establishment of a business organization is choosing the best form under which to operate. Undoubtedly, consultants are often called upon for advice on selecting the best form of operation. From...
legal form of ownership, such as property ownership, a copyright may be sold in a business transaction or given to another person. A copyright owner is usually the person who creates a piece of artwork or artistic creation, though it may also be a company that pays a person to create ...
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A land trust is a legal entity that takes ownership of, or authority over, a piece of property at the request of the property owner. Land trusts are living trusts that allow for the management of property while the owner is alive. However, like othertypes of trusts, each land trust's ...
A legal hold, also known as a litigation hold, is a process that ensures a company acts to preserve all forms of relevant information and data associated with litigation matters, investigations, or other legal disputes. A legal hold is initiated when a notification is sent from an organization...
It’s a good sign that your business is growing and building value. (-) Minus any money you’ve taken out of your business: Every withdrawal you make (e.g., paying yourself) reduces your equity. Taking out too much too often can lead to negative equity. (-) Minus any money lost ...
Of course, this could change as your partnership progresses. But, you should still have an idea for your business’s endgame. 5. Conflict resolution When two or more people work together, conflict is unavoidable. If you and your partner have different opinions, how will you come to a decis...
Joint tenancy is a form of property ownership normally associated withreal estate. Two or more parties come together at the same time to make a legally binding agreement with one another through adeed. These parties may be relatives, friends, or even business associates. For example, let's sa...
Learn about the IRS 1099 Form: See what it's for, who gets it, how to fix mistakes, the different kinds, and why e-filing makes it easier.