Examlex
Fiona is about to graduate college with a management degree. She has been offered a job as a sales representative for a pharmaceutical company. The job will require significant travel and entertainment expenses for which she will be given a salary supplement. What tax issues should Fiona consider in her decision?
General Partner
A member of a partnership who has unlimited liability for the debts of the business and plays an active role in its management.
LLLP
A Limited Liability Limited Partnership (LLLP) is a form of partnership that provides limited liability to all its partners, not just the limited partners as in a traditional limited partnership.
Certificate of Existence
An official document issued by a government authority that confirms the legal status and existence of a corporation or other entity at a certain date.
Limited Partnership
A partnership structure where some partners contribute capital and enjoy profits without managing the business, hence have limited liability.
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