Sole Proprietorship vs. Corporation 1. Ownership: #OwnershipStructure: In a sole proprietorship, one person owns and manages the business. In contrast, a corporation is owned by shareholders who elect a board of directors to oversee the company's operations. 2. Liability: #LiabilityProtection: A key difference is liability. In a sole proprietorship, the owner is personally liable for business debts and obligations. In a corporation, shareholders typically have limited liability, protecting their
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Sole Proprietorship vs. Corporation 1. Ownership: #OwnershipStructure: In a sole proprietorship, one person owns and manages the business. In contrast, a corporation
Yogesh Bansal CFP; CPA, CGA Financial Planner. Yogesh Bansal CFP; CPA, CGA Financial Planner · Original audio. Sole Proprietorship vs. Corporation 1. Ownership: #OwnershipStructure: In a sole proprietorship, one person owns and manages the business. In contrast, a corporation is owned by shareholders who elect a board of directors to oversee ...
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In Kenya, a title deed is a legal document that serves as proof of ownership of land or property. Understanding the different types of title deeds is crucial for anyone involved in land transactions or ownership. Here, we explain the different types of Titledeeds we have at Comfort Homes. www.jcomforthomes.co.ke #ComfortHomes #ComfortHomesDelivers | Comfort Homes
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Understanding the differences between property ownership in a trust, business, and personal capacity is crucial for several reasons: 1. *Asset Protection*: Each structure offers varying levels of protection from lawsuits, creditors, and other financial risks. 2. *Tax Implications*: Different ownership structures attract distinct tax benefits, deductions, and liabilities. 3. *Legal Liability*: Personal liability varies across structures, impacting your personal assets and financial well-being. 4.
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