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It states in the Terms of Service agreement if you are allowed to or not. Usually if you are a hosting reseller, you can copy the TOS of the hosting company you are with.
No legal form is a one-size-fits-all solution, it still needs to be "tailored" based
on what the laws of the state are. What Bob Silber created is like a guide.
Just contact him thru his site. He'll give you more info.