Divide

question 249

Multiple Choice

Divide.

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Definitions:

Limited Partners

Investors in a partnership who are not involved in day-to-day management and are only liable for the investment they have made in the business.

ULPA

Ultra-Low Penetration Air (ULPA) filters are highly efficient filtration systems capable of removing airborne contaminants with a very high degree of efficiency.

RULLCA

The Revised Uniform Limited Liability Company Act that governs the formation, operation, and dissolution of LLCs in states that have adopted it.

Merge

The combination of two or more entities into a single entity, in which one entity absorbs the others and their assets and liabilities.