Examlex
What does a dotted line between connectors indicate?
General Partnership
A business arrangement where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
Limited Liability Partnership
A business entity where partners have limited liabilities, protecting their personal assets from business debts.
Conduct Business
The act of engaging in activities or operations that relate to the buying, selling, or providing of goods or services.
Sole Proprietor
is a business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
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