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Attorneys Joseph,Sam,Nayeli,and Juanita Agree to Form a Limited Liability Partnership

question 48

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Attorneys Joseph,Sam,Nayeli,and Juanita agree to form a limited liability partnership (LLP),JUSTICE LAWYERS,LLP and each contribute $10,000 to the startup of this firm.In this LLP,each partner is personally liable because of the capital contribution,and may be sued in a separate action or in a joint action.


Definitions:

Three-Phase Motors

Electric motors designed to operate on a three-phase alternating current (AC), providing advantages in power efficiency and smoother operation compared to single-phase motors.

Nameplate Voltage

The voltage at which an electrical device is designed to operate, typically indicated on a plate or label on the device.

Terminal Voltage

The voltage measured across the terminals of a device, reflecting the device's operating condition.

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