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Limited Liability
A legal principle that shields an investor's personal assets from being used to satisfy the debts and liabilities of the business, typically applicable in corporations and limited liability companies.
Partnership Business
A partnership business is a type of business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.
Partnership Capital
Refers to the total resources contributed by partners to a partnership for the purpose of starting or maintaining the business operations.
Joint Ventures
Business arrangements in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.
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