Examlex
Which of the following is the degree to which an employee is psychologically devoted to an organization or team?
Personal Liability
Legal responsibility of an individual to settle debts or legal judgments from their assets, not protected by business structures or limited liability.
Limited Partners
Investors in a partnership who have limited liability to the extent of their investment and are not involved in day-to-day management decisions.
Limited Partnership
A partnership where at least one partner has limited liability for the debts of the business, while at least one other has full liability.
S Corporation
is a type of corporation in the United States that elects to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code, allowing income to be passed through to shareholders and taxed at individual rates.
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