Examlex
Unlike vertical structures of law,horizontal structures of law:
Personal Income
The total income received by an individual from all sources before taxes.
Business Losses
Financial losses incurred during the operation of a business, often resulting from expenses exceeding revenues.
Taxes
Compulsory financial charges or levies imposed by a government on individuals or organizations to fund public expenditure.
Limited Partnership
A business structure where one or more partners are liable only to the extent of their investments, while at least one other partner has unlimited liability.
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