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Your environmental science instructor tells your class that you will have an extra credit question on your next exam based on a talk to be given by a scholar visiting campus to present his research on alternative energy sources.The night before the talk,you pull an all-nighter writing a research report.You attend the talk but immediately doze off.Afterward,all you remember about the talk is that the speaker said something about working with turbines.On your next environmental science exam,your instructor asks you about the focus of the speaker's research,with the following answer choices.Which one is most likely to be the correct answer?
Limited Partnership
A partnership structure where at least one partner has limited liability for the debts and obligations of the business, while at least one other bears unlimited liability.
LLC
A Limited Liability Company; a hybrid business structure that combines the personal asset protection of a corporation with the tax benefits of a partnership.
Distributions
The payment of assets from a fund or account to its shareholders or partners, such as dividends from a corporation or distributions from a partnership or LLC.
LLC Contracts
Legal agreements that are specifically related to or entered into by a Limited Liability Company (LLC).
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