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Business Brokerage Glossary

Corporation

Entity or organization created by operation of law with rights of doing business essentially the same as those of an individual.  The entity has continuous existence regardless of that of its owners, and limits liability of owners to the amount invested in the organization.  The entity ceases to exist only is dissolved according to proper legal process.

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Deadlines

Setting deadlines keeps things on track, creates urgency, motivates people to take action and make decisions.
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