Examlex
Describe the two types of outlines discussed in the text. Explain when you would use each type of outline.
Promoter
A person or company that finances or organizes events, especially in entertainment or sports.
Personally Liable
Being individually responsible for a debt or legal obligation, meaning personal assets can be used to satisfy the debt if necessary.
Personal Liability
The legal responsibility of an individual to pay debts from personal assets, not protected by a corporation or LLC.
Separate Bank Accounts
Individual bank accounts maintained by parties (such as spouses) for their personal use, distinct from joint accounts.
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