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LLC
Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Damages
A monetary compensation awarded to a person as restitution for loss or injury caused by the unlawful acts or negligence of another party.
Dissociating Member
An individual who is leaving or has left a partnership or limited liability company (LLC), and hence is severing ties with the entity.
LLC
A Limited Liability Company is a type of business organization that merges the benefit of pass-through taxation seen in partnerships or sole proprietorships with the advantage of limited liability found in corporations.
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