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Hazards and pitfalls of incorporation

Selecting the appropriate business structure is an important decision and it is not uncommon for a business to start as either a sole trader, owned and operated by one person, or a partnership where there are two or more people, before incorporating into a company. Incorporation involves the creation of a new legal entity to which an existing business can be transferred. So where do owners go wrong…

Read the Business Essentials column here

 

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