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In her speech, Alana explains that the previous CEO's leadership style was more hands-on, traditional, reserved, and strict than the new CEO's style. Alana is making use of
LLC
Abbreviation for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Transferable Interest
The portion of a member's ownership in a limited liability company (LLC) that can be transferred or sold to other parties, typically including the right to receive financial distributions.
Default
Failure to fulfill a legal obligation, especially failure to pay a debt on time.
Profit Share
This refers to a portion of a company's profits allocated to its employees, shareholders, or partners as a form of incentive or bonus.
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