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Tag: Legally

The latest updates from Legally Mine

Is it more difficult to get loans if all my assets are in a Limited Partnership? – Legally Mine

September 6, 2013 · by venture: A Legally Mine Blog

No, not really, because banks are now getting accustomed to loaning money to Limited Partnerships. In fact, many hotel chains have the hotel building itself and the land inside a Limited Partnership. Some of the largest companies in America are now using Limited Partnerships. They have no trouble in securing loans from knowledgeable banks. Nonetheless, […]

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Separate the business from the assets

August 29, 2013 · by venture: A Legally Mine Blog

The basic rule in asset protection for business owners is ro separate the ownership of the major assets from the operation of the business. This keeps the operating company (which faces the majority of the liability) as lean as possible-while the assets needed ro produce a profit are not generally subject ro seizure in the […]

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The most recent statistics cite that nearly $4 billion ($168 million more than the previous year) was spent in medical malpractice payouts, nearly a 5% increase from the year previous.

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