What is the best legal set-up for your business? These are some of the common characteristics of legal business entities:
Read more about the types of legal business structures here.
Incorporation
* Personal liability protection
* Taxed at corporate and individual level
* Formal meetings and record-keeping required
Limited Liability Company (LLC)
* Same liability protection as a corporation
* No corporate tax, profits passed directly to owners
* Fewer corporate formalities required
Doing Business As (DBA)
* Not a formal business structure
* Required to legally conduct business under a trade name
* Minimal maintenence required
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Save money on common legal matters!
The late Stuart Hollander has written the first "attorney authored" book for the vacation home owner. This book describes the problems inherent to shared cottage ownership and the concerns of parents who wish to pass it on. After a careful analysis of the pros and cons of different shared ownership arrangement, the author outlines his preferred method to help families preserve this valuable asset for generations to come. Using the stories from families he has worked with and clear graphic illustrations for the legal concepts involved, the book is reader friendly and informative.
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