Home-based businesses are quickly becoming the fastest growing form of business start-ups in America. In fact, over half of the 600,000 new businesses founded each year are grown out of someone's home office of basement.
Forfeiture refers to the loss of rights, property, or assets, typically due to breaching an agreement or failing to meet obligations. In legal or contractual contexts, it can result in the loss of a deposit, rights to a property, or other assets as punishment for non-compliance.