Examlex
What is the term employed to convey the affection we feel for those with whom our lives are deeply entwined?
Income-Sharing Ratio
An agreed upon proportion used to distribute profits or losses among partners in a partnership.
Limited Liability Company
A corporate model that integrates the flow-through taxation characteristic of partnerships and sole proprietorships with the protective limited liability found in corporations.
Business Entity
A legal organization created by individuals, stockholders, or shareholders, with the purpose of operating for profit.
Partnership Form
A type of business organization in which two or more individuals manage and operate the business in accordance with the terms and objectives set out in the Partnership Deed.
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