insurance agency
insurance agency
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1.
by Kyle J. Norton - 2008-09-16
It is important that people own a business understand what is business insurance, so they can protect their business in case of any unforeseen event happened causing hardship to the business owner an...
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2.
by Kyle J. Norton - 2008-09-19
A sole proprietor is responsible for every aspect of the business, although after a while they may employ others to carry out these dutiesThe sole proprietor shares many of the same succession proble...
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3.
by Kyle J. Norton - 2008-09-19
If the owner wishes the business to continue after his or her death, he or she must state in a will that he or she wants the executors and trustees to run the business. The executors and trustees ar...
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4.
by Kyle J. Norton - 2008-09-20
When the partners cease to carry on business together, this is known as dissolution. If the business ceases to do business, it is said to be "wound-up". This involves the liquidation of the company ...
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5.
by Kyle J. Norton - 2008-09-20
Beside sole proprietorship, the second type is partnerships. A partnership is a business that is owned by two or more individuals who come together in a commercial endeavor to mutually profit from t...
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6.
by Kyle J. Norton - 2008-09-20
If there is no history of family ownership and family goodwill exists. The best way is to sale the business by prearranged sale funded buy-sell agreement will guarantee the asset value if an employee...
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7.
by Kyle J. Norton - 2008-09-23
If one partner dies, it is no longer a partnership and the survivor becomes a "Liquidating Trustee." The business, as the partners knew it, ceases to operate.The survivor and the estate of the deceas...
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8.
by Kyle J. Norton - 2008-09-25
As we mentioned in the previous article, we know that corporations generally are started by it's original shareholders who provide the start-up cash or assets in exchange for their shares. The corpor...
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9.
by Kyle J. Norton - 2008-09-25
Generally, financing of corporation is accomplished through a new share issue (equity financing) or the issue of various types of bonds or debentures.1. Bond financingBonds are contractual agreements...
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10.
by Kyle J. Norton - 2008-09-25
There are 2 types of corporations:1. Public corporation:A public corporation is a legal entity that has a distinct personality for tax and legal status. It generally is started by its original shareh...