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A proposition is:
Limited Partnership
A form of partnership featuring both general partners, with unlimited liability, and limited partners, with liability limited to their investment.
Tax-Paying Entity
An individual or organization required by law to pay taxes to a governmental authority.
Federal Income Tax
An annual financial burden placed by the U.S. federal government on the income of different entities including individuals, corporations, and trusts.
Personal Liability
The legal responsibility of an individual to settle debts or legal claims from their own assets.
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