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Which of the following were identified as dangerous pitfalls by NCJRS?
Principal Place of Business
The primary location where a business entity's central operations and management are conducted.
Business Name
The official name under which a company or merchant conducts business, which may be different from its legal corporate name.
Ultra Vires Acts
Acts performed beyond the powers or authority granted to a corporation or an individual by law.
S Corporation
A special designation that allows corporations to pass income directly to shareholders and avoid double taxation.
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