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Short of an agreement between the co-owners, which form of the business entity offers the most well-settled rules about responsibilities, liabilities and authorities?

April 26, 2017Agreement Business co-owners entity form offers responsibilities rules short

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Short of an agreement between the co-owners, which form of the business entity offers the most well-settled rules about responsibilities, liabilities and authorities?

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A corporation has the most well settled rules about responsibilities and liabilities, as there is not much the government says about sole proprietorships or partnerships and the rules on limited liability companies are very unsettled.