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Sublease: The Definitive Guide

Article by Shreyas Nair from WinSavvy's legal research team. Here's his LinkedIn bio for more information on him. This article provides in-depth information on -  What is a SubLease How a Sub-Lease Works Legalities Surrounding Subleases Types of Subleases, and How to Draft a Sub-Lease Agreement A sublease occurs when an existing tenant re-rents property to a new third party for a portion of the tenant's current lease contract. Subleasing may or may not be allowed under the terms of the original lease, and it may be subject to extra limitations imposed by the jurisdiction.  Even if a sublease is permissible, the original tenant is still responsible for the lease agreement's responsibilities, such as monthly rent payment.   What Is a Sublease? - An Overview A sublease is a legal contract between a tenant and a subtenant to rent a residential or business space for a set length of time.  In a sublet, the property owner rents to a tenant who wishes to leave without vio

Stock Purchase Agreement - All You Need to Know (US Law)

This guide is made in consonance with U.S. Law, which in this case, is the Securities Act of 1933. This is an informational post to help entrepreneurs and is not legal advice. Guide contents - What is a stock purchase agreement? The Purpose of a Stock Function Agreement When You Need to Use this Agreement When You Need Not Use this Agreement Essential Components of a Stock Purchase Agreement Instances when a Stock Purchase Agreement can be Used How to File a Stock Purchase Agreement Mistakes to Watch Out For Format of a Stock Purchase Agreement Stock Purchase Agreement Overview A stock purchase agreement is a contract signed by two parties when they buy or sell stock in a corporation in the US. Small firms that sell stock frequently use these agreements. Stock can be sold to buyers by either the corporation or its shareholders.  A stock purchase agreement is intended to safeguard you and your financial transaction, whether you are the buyer or the seller from unwanted legal outcomes. H

Finance Lease: The Complete Guide on Lease Financing

Finance Lease Brief Overview A finance lease, also known as a capital lease or sales lease, is a sort of commercial lease in which the legal owner of an asset is a finance firm, and the user leases the property or equipment for an agreed time period. The renting firm, usually a finance company, is referred to as the lessor in this legal contract, while the person who uses the asset is referred to as the lessee. When a lessee signs this agreement, they gain operational control of the asset. They accept liability for all risks and benefits involved with asset ownership although it is just a lease. The lease gives the lessee with the economic characteristics of asset ownership for accounting purposes. The item will be recorded as a fixed asset in the lessee's general ledger. In this case, the lessee will report the lease payment's interest as an expenditure. Finance Lease under US GAAP The agreement must fulfill at least one of the following characteristics to be classified as a f

Sole Proprietorship vs One Person Company: Which Should You Go For in India?

Article by  Smrithi Shibichakravarthy. As an entrepreneur, managing your business single-handedly means that your business could be considered either as a sole proprietorship or as a one-person company (OPC).  Though both of these terms sound alike and have major similarities there are also a few very important differences which you need to be aware of in order to take your business down the path you’re looking for.  There are differences concerning entities, liabilities, taxation, and succession. Based on the type of business you’re running, and the business you one day want it to be, it’s important to understand these differences before declaring it as a sole proprietorship or OPC.  Through this article, you’ll be able to choose which one you want to go for in order to ultimately achieve your business goals.  What is a Sole  Proprietorship? To start with the basics, we need to understand the term ‘sole proprietorship’: The Government of India defines a sole proprietorship as a “on