Examlex
Which of the following terms describes a freely movable joint?
Profit Share
This refers to a portion of a company's profits allocated to its employees, shareholders, or partners as a form of incentive or bonus.
LLC
Limited Liability Company; a business structure in the U.S. that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Nonwrongful Dissociation
This term refers to a situation where a partner leaves a partnership in accordance with the terms of the partnership agreement and/or applicable law, without incurring liability for wrongful dissociation.
Member
An individual who has been admitted to membership in a particular group, organization, or category.
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