shareholder of a corporation you will not be personally liable for the debts

Shareholder of a corporation you will not be

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shareholder of a corporation, you will not be personally liable for the debts, obligations or acts of the corporation. It is always wise to seek legal advice before incorporating. 5. What is the main difference between a rental manager, strata manager and non-profit manager? Rental manager: collecting rent , handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. The main difference between a strata manager and a property manager is the strata manager works on behalf of all apartment owners and focuses on issues pertaining to common property , while the property manager works on behalf of one apartment owner and focuses on issues pertaining to private property . Non-profit: Manager is responsible to the Owner (non-profit organization) and to the government funding agency to break even 6. What is a non-current asset? A noncurrent asset is an asset that is not expected to be consumed within one year.
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7. What is a capital expense? Capital expenditure or capital expense is the money a company spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. 8. What is a restricted fund? A restricted fund is a reserve of money that can only be used for specific purposes. 9. What is involved to spend a restricted fund in a Strata Corporation? The funds of strata corporations are all restrictive funds. The legislation and or the resolutions of the strata corporation limit the purposes for which the strata fees and other revenues can be spent.
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