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The Métis Peoples of Canada

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The métis peoples of Canada


Definitions:

Partnership

A legal arrangement where two or more individuals share the ownership, profits, and liabilities of a business.

Revised Uniform Partnership Act

The Revised Uniform Partnership Act provides an updated and standardized set of laws to govern the operation of partnerships within the jurisdictions that have adopted it.

General Partnerships

A legal formation where two or more individuals engage in business operations, sharing profits, liabilities, and managerial duties equally or according to an agreed-upon contract.

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting individual partners from debts against the partnership.

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