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Simplify the expression by using the distributive property.
Personally Liable
The state of being legally responsible for one's actions on an individual basis, which can result in personal financial liability.
Partnership
A form of business conduct legally established among at least two partners with shared responsibilities and profit distribution.
Debts
Money owed by one party to another under an agreement that the amount will be paid back, often with interest, by a certain date.
Limited Partnership
A partnership consisting of one or more general partners and one or more limited partners.
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