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Real property businesses sell, make investments, assemble and develop properties, together with land, residential houses, and other buildings. The definition of a mother or father firm differs by jurisdiction, with the definition usually being defined by way of laws coping with corporations in that jurisdiction. Having a enterprise name does not separate the enterprise entity from the proprietor, which means that the proprietor of the business is accountable and responsible for debts incurred by the enterprise. If the business acquires debts, the creditors can go after the proprietor’s personal possessions. The proprietor is personally taxed on all earnings from the enterprise.