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To ensure that a contract is legal and binding, there are certain elements that must be included and agreed to by all parties involved. By leaving out one or more of these elements, you risk creating a contract that will not be upheld in a court of law should a dispute or conflict arise between the signing parties. Here are the most important elements of a contract, which are necessary for the documents to be legal and binding.
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Business Subchapter S Corporation
A business subchapter S corporation derives its title from the taxation codes that these company structures fall under according to Chapter 1, subchapter S of the Internal Revenue Service’s Internal Revenue Code. Earnings from these subchapter S corporations are not taxed as personal incomes, however, as earnings to be paid to amongst the company’s shareholders. Aside from earnings, the losses of the company will also be divided amongst shareholders within a business subchapter S corporation. Individual shareholders will then report their personal earnings or losses on their pers
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Starting an Online Home Business
Starting an online business is very similar to starting a brick and mortar business. The first step in the process is creating a business plan. Creating a business plan allows you to implement a road map of sorts and ensures that are fully prepared to launch your business on opening day.
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To anyone familiar with law terminology, protection through torts may seem like a contradictory phrase, maybe a bit of an oxymoron...