Tag: owners

10 Startup Tips For New Business Owners

Although running a startup today is challenging, it doesn’t compare to years ago when resources for businesses weren’t as accessible as they are now....

Management Buyout (MBO)

What is a 'Management Buyout - MBO' A transaction where a company’s management team purchases the assets and operations of the business...

Management And Employee Buyout (MEBO)

What is 'Management And Employee Buyout - MEBO' A restructuring initiative that involves both managerial and non-managerial employees buying out a firm...

Absentee Owner

What is 'Absentee Owner' An individual who owns a piece of real estate but does not live in it. An absentee owner...

Abandoned Property

What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of...

Savings Incentive Match Plan For Employees Of Small Employers (SIMPLE)

What is 'Savings Incentive Match Plan For Employees Of Small Employers - SIMPLE' A retirement plan that may be established by employers,...

Party Wall

DefinitionA party wall is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the...

Foreclosure

DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...

Water Damage Legal Liability Insurance

What is 'Water Damage Legal Liability Insurance' A policy that provides financial protection to a person or business that unintentionally causes water...

General Partnership

DefinitionIn most countries, a general partnership is an association of persons or an unincorporated company with the following major features... General Partnership What...

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