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According to the text,what do changes in the family result in?
Management
The process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively.
Winding-Up Process
The formal procedure for disbanding a corporation or partnership, involving liquidating assets to pay creditors and distributing any remaining assets to the owners or shareholders.
LLCs
Limited Liability Companies, a hybrid business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Limited Partnerships
A business formation where one or more general partners manage the business and are personally liable, while limited partners invest but have limited liability and do not manage business operations.
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