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CHOICE OF ENTITY FOR REAL ESTATE First Run Broadcast: September 10, 2013 1:00 p.m. E.T./12:00 p.m. C.T./11:00 a.m. M.T./10:00 a.m. P.T. (60 minutes) Choosing the right entity for a real estate transaction
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Choice of entity is used to determine the legal structure of a business, such as whether it should be a sole proprietorship, partnership, corporation, or LLC.
Individuals or businesses that are starting a new business or making changes to their existing legal structure may be required to file a choice of entity form.
To fill out a choice of entity form, you need to provide information about your business, such as its name, location, type of ownership, and other relevant details. The specific requirements may vary depending on the jurisdiction.
The purpose of choice of entity is to legally define the structure of a business, which affects its tax obligations, liability protection, and other legal aspects. It helps determine how the business will be treated under the law.
The specific information required on a choice of entity form may vary, but it generally includes the business name, address, type of ownership, names of owners or shareholders, and other details about the business' structure and operations.
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