limited liability

corporations

Back to Business Basics: Corporations 101

Business owners use business entities to protect their personal assets from business debts and creditors, to separate management of the enterprise from ownership, and to enable outside investment into the business. A properly created, structured, and operated business entity can limit the risk to an owner’s personal assets. It can be difficult to decide which

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liability shield

Why You 100% Need a Business Entity to Limit Your Personal Liability

For those that are outsiders to the business world, the nomenclature, acronyms, and abbreviation systems can cause frustration. This is especially true with business entities. The possible abbreviations seem endless: GP, PA, LP, LLP, PLLC, LLC, Co, Inc. We aren’t going to try to wade through the sea of acronyms for business entities. Suffice it

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