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Limited Liability
is a legal structure that limits the financial responsibility of an entity's owners or shareholders to the amount they have invested, protecting personal assets from business debts and obligations.
LLC Member
An individual or entity that owns a portion of a Limited Liability Company and enjoys protection from personal liability for the company's debts and obligations.
Management Decisions
The process of making choices or coming to conclusions on business matters by the management of an organization.
Limited LLC Member
A member of a limited liability company who has invested in the company but does not have a say in the day-to-day management or operations.
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