Examlex
The annual value of rented property is not included in the property factor.
Corporate Form
A legal structure used by organizations that enables them to be recognized as separate legal entities from their owners, providing limited liability protection.
Partnership Form
A type of business entity where two or more individuals share ownership and the responsibilities of running the business.
Limited Liability
A legal structure that limits the financial liability of the owners of a business to the amount of money they have invested in the business.
Continuous Existence
A characteristic of corporations that allows them to outlast the lives of their individual members or owners, enabling ongoing operations over time.
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