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  2. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    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

  3. Company formation - Wikipedia

    en.wikipedia.org/wiki/Company_formation

    A legal instrument known as a deed of settlement was used in 18th century England to regulate the activities of companies structured as joint stock companies, permitting a private company to form a corporation without applying for a royal charter or an act of Parliament. The deed of settlement named the individuals of the company as trustees of ...

  4. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]

  5. Entity classification election - Wikipedia

    en.wikipedia.org/wiki/Entity_classification_election

    An entity that elects to be classified as a corporation by filing Form 8832 can make another election to change its classification, subject to the 60-month limitation rule. A foreign eligible entity that became an association taxable as a corporation under the foreign default rule described below .

  6. Do you overplan the holidays? You might be missing the point

    www.aol.com/overplan-holidays-might-missing...

    The last few weeks of the year can be a busy and stressful time. Here’s how to focus on what really matters this holiday season, according to experts.

  7. Why food safety experts stand behind the 'when in doubt ... - AOL

    www.aol.com/why-food-safety-experts-stand...

    "In reality," he said, "foodborne illnesses can lead to severe and long-lasting health issues, hospitalization or even death, especially for vulnerable populations like the immunocompromised ...

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