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Using Business Entities to Transfer Ownership
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Using Business Entities to Transfer Ownership
COLUMBUS, Ohio — The well-known advantages of business entities include liability protection, tax management, and shared management responsibilities. A lesser-known advantage is the relative ease of transferring ownership. When assets such as land, machinery, or livestock are held in an entity like an LLC, ownership interests in the entity can often be transferred far more efficiently than transferring each asset individually. Rather than retitl…
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