in a land trust is to be held as tenants by the entirety‚ the estate created shall be deemed to be in tenancy by the entirety.” (765 ILCS 1005/1c). CAN LAND HELD IN TENANCY BY THE ENTIRETY BE REACHED BY A JUDGMENT CREDITOR? ANSWER: Yes‚ if the sole intent of the transfer was to avoid payments existing at the time of the transfer beyond the transferor’s ability to pay those debts as they became due. The Illinois Code of Civil Procedure states that property held in tenancy by the entirety may
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Constantine was declared emperor by his fellow soldiers because his father‚ Constantius I‚ had died while fighting in battle. Constantine the Great was well known for the many things he did while in power. For example‚ he defeated Licinius to become the sole emperor of the entire Roman empire. He was also known for being an important part in the history of Christianity. To fully understand Constantine
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necessary. Some of these business organizations include; sole proprietors‚ corporations‚ and partnerships. With choosing which organization to go with one must consider consequences in lieu of legal issues‚ taxes‚ financial statements‚ and accounting practices. A new business venture will be summarized along with the business organization type and related consequences regarding different business types. Types of legal business entities Sole Proprietorship This type of organization is one of the
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Benjamin Jones English Composition 1 Instructor Rachel Orr June 23‚ 2013 Over the last few weeks‚ I have learned about what makes an essay an essay‚ after reading the required chapters of “Essentials of College Writing” (Connell & Soles‚ 2013) the knowledge needed to compare and contrast a narrative and descriptive essay is at my grasp. The essays I have chosen to use as support are “Homeless” by Anne Quindlen and “Are the Rich Happy?” by Stephen Leacock. While the differences between
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OMM 670: Legal Environment February 25‚ 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinker’s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor & business | Sole Liability | Tinker & Tailor’s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you are named in the business you are a partner
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Exam 1 1. Country A is extremely efficient in the mining of tin. However‚ its climate and terrain makes it difficult to produce corn. According to the theory of comparative advantage‚ Country A should: concentrate its production on tin and buy corn from an efficient producer. 2. Climate and terrain in several South American countries are conducive to growing coffee efficiently. While other countries can grow coffee‚ they are not as efficient and effective at coffee growing because of short seasons
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professional lives. Communication apprehension‚ according to Bevan and Sole (2104)‚ occurs when an individual experiences fear or anxiety associated with either real or anticipated communication with another person or persons (Section 5.1‚ para. 1). The communication experience I am discussing would be a dyadic form of communication apprehension and considered to be a state communication apprehension. According to Bevan and Sole (2014)‚ dyadic communication apprehension describes the fear one feels
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cash out of the business for yourself. An overview of the four basic legal forms of organization: Sole Proprietorship; Partnerships; Corporations and Limited Liability Company follows. Sole Proprietorship The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person‚ usually the individual who has day-to-day responsibility for running the business. Sole proprietorships own all the assets of the business and the profits generated by it. They also assume
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organisation is sole trader. Considering that the business is set up by a sole trader the size of it is micro making the scale of it local. The business is set up to make a living‚ to make money for a survival. The advantages of a sole trader is that this sort of business is easy to set up – there are no complicated forms of procedures‚ also the business is very flexible‚ for example hours worked or stock bought can be altered on a daily basis. However‚ the disadvantages are that sole traders have unlimited
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types of businesses are Sole Proprietorship‚ Limited Liability Company‚ Cooperative‚ Corporation‚ and Partnership. Each type of business effects the government and economy in several different ways; either working to better the economy and government or working against it. The way each business works is quite similar‚ they all work together to accomplish the same goal; to make a successful‚ plentiful business worth a lot of money. The first type of business to describe is Sole Proprietorship. This
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