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coldfax.com

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

Breather After Soft Core PCE Index

coldfax.com
The US consumer confidence report fell short of forecasts. Australian retail sales fell below forecasts, indicating a drop in consumer spending. Economists believe the RBA will likely hold its key rate steady on Tuesday.…

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