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Authored by andrerussell

business entity

Having a business name does not separate the business entity from the owner, which means Tamilmv that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

Having a business name does not separate the business entity from the owner 75 Bytes
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