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Uniform Limited Liability Company Act
A comprehensive statute that provides a uniform regulatory framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the states that adopt it.
Dissolve
To formally bring to an end a legal entity or agreement, such as a business corporation or a marriage.
Consecutive Days
Successive days that follow one after the other without interruption.
Franchise
A licensing arrangement where a franchisor allows a franchisee to use the franchisor's trademark, systems, and business model in return for a fee.
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