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Absentee business owners can be more vulnerable to theft by employees, especially when record keeping is turned over to employees, unless proper internal controls and review are implemented. [6] In the United States, many business-owning military reservists have become absentee business owners during long tours of duty in Iraq and Afghanistan.
Pickett initially declared his allegiance to the Islanders, but by late February he had officially put the team up for sale and indicated his desire to obtain an NHL expansion franchise closer to his home in Florida. [4] He had hoped to sell the Islanders quickly, but by the beginning of the 1991-92 season they still had not been sold.
In economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 book of the same name, Absentee Ownership. [1] Overall, tax policy seems to favour absentee ownership.
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