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EP99 Jason Wiener on Alternative Business Structures

The Jim Rutt Show

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The Flexibility of the English Common Law

There's a remarkable amount of flexibility in what one builds into the legal underpinnings of a business entity. You don't have to just grab a hundred dollar Delaware C Corps for the equivalent LLC with a very generic set of operating agreements essentially within very very broad reasons if you can think of it and it doesn't violate any obvious laws. And by that I mean, we of course have the relatively uniform business corporation law which itself is flexible despite how it may be used in practice.

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