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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
New York was the first state to enact a corporate statute in 1811. [3] The Act Relative to Incorporations for Manufacturing Purposes of 1811, allowed for free incorporation with limited liability, but only for manufacturing businesses. [4] New Jersey followed New York's lead in 1816, when it enacted its first corporate law. [3]
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It can be easy to set up an LLC if you’re looking to maximize your opportunity with Series I bonds or even other investments, says Don Parker, a former chief risk officer and chief information ...
As we ring in the new year New Jersey will see a number of new laws taking effect. Here is what you need to know about some of 2024's new laws. ... 2024, minimum wage will increase by $1 bringing ...
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