The implementation and utilization of an effective business organization is key to successful management and operation of business enterprises in order to secure the continuity of the business in the event of the death of one or more of the principals of the organization to avoid interruption of business. One of the key concepts of a business organization is to limit liability and to protect the assets of the principals of the business organization. The creation of the appropriate business entity whether it be a corporation, a Limited Liability Company, a partnership or anything else, depends upon the needs and purposes of individuals and the anticipated scope of business operations.

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