legal separation

Clear legal separation from government backing is essential to prevent moral hazard.

They subsequently filed court papers seeking a legal separation from the agency.

The ghost isn’t as hostile as a mother who lets her daughter flounder, or as a husband who tiptoes off to call lawyers about a possible legal separation rather than communicate with his wife.

They subsequently filed court papers seeking a legal separation from the agency, but the case has yet to be heard.

You also take on more risk because there’s no legal separation between the owner and the business.