Examlex
Which of the following statements would Thomas Hobbes have accepted?
Dissolution
The process of formally ending or dissolving a legal entity, such as a corporation, partnership, or marriage.
LLP
Stands for Limited Liability Partnership, a legal structure that offers some of the benefits of a partnership while limiting personal liability of the partners.
Asset Distribution
The process of allocating assets, either during a person’s life or after death, according to the person's wishes or legal agreements.
Profitable
Describes a situation, venture, or entity that generates more revenue than the expenses incurred, resulting in financial gain.
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