Examlex
A well-designed entrepreneurial venture bins with an idea that survives an analysis of its feasibility and results in a business model/plan.
Operating Agreement
An agreement in which the members of a limited liability company set forth the details of how the business will be managed and operated.
Limited Liability Company
A company organization style that merges the protective limited liability of corporations with the advantageous pass-through taxation of sole proprietorships or partnerships.
State Law
consists of the laws and regulations enacted by the legislative bodies of individual states.
Passed Through
A term often used in finance and taxation to describe income, losses, or tax benefits transferred from one entity to another, such as in a pass-through entity.
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