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Learn about the capacity of parties with example, including rules for minors, mentally incapacitated persons, corporations & others lacking legal competence. read more

Expense recovery is an action taken by a business to recover money it has overpaid to other businesses. read more

Learn about the memorandum of association. This guide includes its definition, importance in company formation, and key elements. read more

The definition of an extended period of indemnity relates to a business' income insurance policy, which covers loss of income during a suspension of operations. read more

External sourcing refers to the procurement of goods necessary for business operations from third-party organizations. read more

The financial overview business plan contains the current and future financial requirements of your business, including the estimated operating expenses. read more

A fixed trust gets the amount and terms of each beneficiary's share while a discretionary trust lets the trustee make decisions about who becomes a beneficiary. read more

Learn the steps to register a partnership and meet Florida partnership tax return requirements, including EIN, DBA, sales tax, and optional state registration. read more

Learn how to write a business description with real examples. Craft a compelling business description that communicates your company's mission and goals. read more

Understand general partnership liability, including unlimited personal risk, joint responsibility, insurance options, and legal strategies to manage exposure. read more