Examlex
Which term identifies a field that appears in two separate tables and may be used to connect records in the separate tables?
Automatic Dissolution
The process by which a legal entity, such as a company or partnership, is dissolved without the need for legal actions by its members or shareholders.
LLC
An LLC, or Limited Liability Company, offers a blend of characteristics from both corporations and partnerships/sole proprietorships, providing limited liability to its owners while allowing earnings to be taxed similarly to a partnership or sole proprietorship.
Operating Agreement
An arrangement among LLC's members concerning its business operations and members' financial and managerial rights and duties.
Fiduciaries
Individuals or entities entrusted to manage assets or wealth on behalf of another party while prioritizing the beneficiary's interests over their own.
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