Now that you have established your separate business entity, you’ve created a shield, protecting your personal assets from business debts and liabilities. However, just creating the entity is not enough. You need to maintain certain standards and formalities. In this article, we will go into some of the basic steps you can take to maintain your corporate protections.
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When you look to start your business, there are certain protections that every entrepreneur needs to set up. One of the most basic protections that a business owner can take is setting up a separate entity to run their business under. The goal of these entities is to separate business owners, personally, from the business, and thus limit their own personal liability for business debts.
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