Examlex
The decrease in telecommuters is an example of how the boundaries between work and personal life are becoming less clear-cut as data communication becomes more available in both homes and businesses.
New Partner
An individual who joins an existing partnership, contributing capital, and sharing in profits, losses, and liabilities.
Unlimited Liability
A legal structure where a business owner or partners are personally responsible for the debts of the business.
General Partner
An owner of a partnership who has unlimited liability and is active in the management of the partnership.
Capital Balance
The amount of money that a partner has invested in a partnership minus any withdrawals or distributions.
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