creating a business
Many businessmen, having discovered a legal entity, begin to believe that they now have their own business. Satisfied, they rub their hands from the understanding that they will now work for themselves, and not for their uncle. The desire to work for yourself and not for uncle is a good desire, it must be encouraged. The more people who take responsibility, the better. However, there are nuances.
From a legal point of view, the business really belongs to newly-minted businessmen, and they really work for themselves. But the legal point of view is not the only one. There are other points of view. For example, one of them is practical. From a practical point of view, a business legally owned by a businessman is not always 100% owned by him in fact. Continue reading