Examlex
About what percentage of the U.S. population had no health insurance for the entire year in 2015?
Limited Liability
A legal principle that limits the financial liability of company owners to the amount they've invested in the business, protecting personal assets from company debts and obligations.
Equally Liable
A condition under which multiple parties are held jointly responsible to the same extent for a legal obligation or debt.
LLC Member
An owner or part-owner of a Limited Liability Company, who contributes to the business and shares in its profits and losses.
Operation of Law
Legal changes or transfers that happen automatically due to existing laws rather than through an agreement or court order.
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