Estate Planning In North Dakota

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Business Organizations

Many business as they transition among owners will be co-owned. Co-owned business are assumed to be partnerships unless there is formal documentation indicating the legal form or structure. This page introduces basic forms of business co-ownership.

Many businesses as they transition among owners will be co-owned for at least some period of time.  This page introduces the basic forms of business co-ownership, such as partnerships, corporations and limited liability companies.  The discussion begins be distinguishing between co-owned assets and co-owned businesses.

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Co-owned Assets v. Co-owned Business

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Partnership (Implicit)

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Partnership (Explicit)

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Corporation

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Limited Liability Company

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Closing Thoughts

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