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Accepting the home purchase offer doesn’t guarantee that the home sale will be completed. According to the most recent statistics from Forbes, about 3.9% of home sales failed nationally in 2016. Fortunately, real estate agreements often have contingencies in place that permit the seller to back out of a deal under certain circumstances. However, there may be repercussions or possible penalties.

Forming a business can present many unique challenges, starting with establishing the entity  – sole proprietorship, partnership, or corporation that would most closely meet the goals and needs of the proprietors. Through the decades, I have become accustomed to hearing concerns voiced by entrepreneurs that seem to cut across industries and generations. In this piece, I will deal with some of those concerns.