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Tip of the Day Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government...

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Drag-Along Right

Drag-along Right - The Drag-along right is a legal term to protect major shareholders. The drag -a long right assures major share holders that they will be given more power over minority share holders forcing them to go along with financial decisions. For instance if the major shareholders want to sell apportion of stock, they have drag-along rights over the minority share holders, forcing them to go along with the concept. Drag-along right is very common in corporate law, and is practice more times then not. Drag -along rights usually end when the company offers common stock to the public or when it is offered to smaller companies to obtain working capital.

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