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The process of setting up a limited liability company requires certain steps to be followed for the formal establishment of a business. First, a business plan must be created. The business plan should include the purpose of the business, objectives, market analysis, financial projections and other important details. Next, a suitable name for the business…

What is a Sole Proprietorship? A sole proprietorship is an individually managed business owned and operated by a single person. In this business structure, all investments, profits, losses and liabilities belong directly to the owner of the company. Since the owner is personally liable for the debts of the company, the financial liabilities of the…

Here’s an English translation of the provided text about franchising agreements: Franchising agreements today create business relationships in many sectors such as food and beverage, education, oil, tourism, and logistics. Franchising agreements are framework agreements that may require multiple contracts between the franchisor and franchisee, creating mutual rights and obligations. In franchising agreements, the franchisor…

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