Examlex
When the government is out of sync with the popular views on an issue, there is
Federal Government
The national government of a federation, which holds the authority over matters that affect the entire country, such as defense, foreign policy, and monetary policy.
Personally Liable
Responsibility on an individual level for debts or legal obligations, rather than through an intermediary like a corporation or LLC.
Partnership
An authorized business setup where multiple individuals participate in management and equally divide profits.
Profits
Financial gains obtained after deducting the costs, expenses, and taxes associated with doing business or an economic activity.
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