Examlex
Which of the following is true of traditional media and digital media?
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.
LLC
Limited Liability Company; a business structure allowing owners to benefit from the advantages of both the corporation and partnership forms of business.
General Partner's Liability
describes the legal responsibility of general partners in a partnership to bear unlimited personal liability for the debts and obligations of the partnership.
Limited Partnership
A business arrangement with at least one general partner managing the business and responsible for its debts, and one or more limited partners whose liability is restricted to their investment.
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