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There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
It provides a new form of Model Articles for companies incorporated in the United Kingdom. Under the new legislation, the articles of association will become the single constitutional document for a UK company, and will subsume the majority of the role previously filled by the separate memorandum of association.
Bylaws for nonprofit organizations by themselves are more of an internal organizing document than required by most states but are necessary for filing for nonprofit 501(c)(3) tax-exemption application using the Form 1023. [20]
The essential elements are thus (i) that there exist members of the association; (ii) that there is a contract binding them inter se (i.e., among themselves, to the exclusion of outsiders); (iii) that they have a common purpose which is not business; and that (iv) there must have been a moment in time when a number of persons came together to ...
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Register of Health Entities - includes public and private, commercial and non-commercial healthcare entities, registered by the relevant voivode, without caps on the numbers of medical professionals employed or (in case of private entities) specific restrictions on legal form or stakeholder composition of the entity; assigns an identification ...
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