Just as the starting point where there is
sole legal ownership is sole beneficial ownership, the starting point for joint legal ownership is joint beneficial ownership, so that the property is held in equal shares.
Not exact matches
That being said, if you choose the
sole proprietorship form of business
ownership and run your business under your own
legal name with no additions, you do not have to register it with your province or territory.
Ownership of this small plot of earth will be the Children of Israel's
sole legal claim in the promised land during their four hundred years of exile in Egypt.
By contrast,
ownership by a
sole proprietor or partnership carries unlimited personal
legal responsibility for debts incurred by the business.
In circumstances where the
legal ownership of property is held jointly, the approach to quantification should be no stricter than when the property is held in someone's
sole name.