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A sole proprietor is liable for the debts of the business the extent of everything he/she owns.
Derivations:
A sole
(PROPERTY) can make a free transfer of personal
assets to husband or wife.
Corporate (GOVERN) is a system of policies, processes, and rules that direct and control a business’s behaviour.
živnostenské oprávnění
ručit za závazky společně a nerozdílně
a sole trader commences business merely by opening the door of the premises
The most a limited partner can lose is their investment the business.
The most important consequence of incorporation is that a corporation becomes a legal person distinct its members, i.e., it becomes a separate legal entity.
Derivations:
Some of the rights
reserved to individual stakeholder groups may be of a
(CONSTITUTE)
nature.
Derivations:
There are some
important features that make LLP an
(APPROPRIATELY) choice for the small business owner.