Examlex
In a common law system, judges are not obligated to follow the precedents established within their jurisdictions.
Entrepreneur
An individual who creates, organizes, and operates a business venture, taking on greater than normal financial risks in order to do so.
Business Plan
A formal document detailing a business's objectives, strategies, target market, and financial projections.
Limited Liability Corporation
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Sole Proprietorship
A business structure where a single individual owns and operates the entire business, bearing all financial risks and responsibilities.
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