Examlex
The id operates according to the reality principle.
Unlimited Liability
The legal obligation of business owners to pay all of their business debts personally, without limit, which exposes personal assets to risk.
Sole Proprietorship
A business formed by the sole proprietor. It is the easiest business organization to form.
Term Partnership Dissociation
The ending of a partner's association with a partnership for a predetermined term, as outlined by an agreement or law.
RUPA
The Revised Uniform Partnership Act, a set of laws designed to govern the operations of partnerships in the United States.
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