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Dissolution
The process of legally dissolving a corporation or formal organization, leading to the cessation of its operations and the distribution of its assets.
Liquidated
The process of converting assets into cash, often during the closure of a business, or to settle debts.
Unanimous Written Consent
A document that officially records the agreement of all parties or directors on a decision, without the need for a formal meeting.
Limited Liability Partnership
A business structure that offers its owners limited personal liability for the debts and actions of the partnership, while operating with a flexible management structure.
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