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Many companies are operated through a separate entity & Fiverr gig image size to an organization or a partnership . Most authorized jurisdictions permit individuals to prepare such an entity by submitting certain constitution documents with the related Secretary of State or equivalent and complying with certain different ongoing obligations. The relationships and legal rights of shareholders, restricted companions, or members are governed partly by the charter documents and partly by the legislation of the jurisdiction where the entity is organized. Generally talking, shareholders in an organization, limited partners in a limited partnership, and members in a limited liability company are shielded from private legal responsibility for the debts and obligations of the entity, which is legally treated as a separate "individual". This means that until there might be misconduct, the owner's own possessions are strongly protected in law if the business doesn't succe