Personal Guarantee - What’s the Deal?
Some business owners opt for a work-around and will buy a shell or shelf corporation when they start their business, but this is not the case for most people. A shell corporation put very simply is an entity that was started or incorporated, but has no significant assets or operations. Someone started it, for the purpose of selling it. Even though the business is truly just starting, it was established 6, 12, 24, 36, or 48 months ago (you name it). These are also used from time to time as a tax
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Personal Guarantee - What’s the Deal?
