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is related to the parent function. Identify the parent function .
Limited Liability Company
An entity where owners are not personally liable for company debts, offering flexibility in management and benefits of pass-through taxation.
Exclusive Managerial Control
A business arrangement where one party has the sole authority and responsibility for managing an organization or project.
General Partner
A member of a partnership who has unlimited liability for the debts of the business and participates in its management.
Limited Partner
An investor in a partnership whose liability is limited to the amount of their investment, with no direct involvement in the management of the business.
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