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What is the difference between a proven reserve and a potential reserve?
Limited Liability Company
An organizational model blending the direct taxation advantage of partnerships or sole proprietorships with the restricted liability characteristic of corporations.
Limited Partnership
A limited partnership is a form of partnership consisting of at least one general partner, who manages the business and is personally liable for partnership debts, and one or more limited partners, who are liable only to the extent of their investments.
Policies
Formal guidelines or rules established by organizations to govern decision-making and establish boundaries for behavior.
Procedures
refer to established ways of doing things; these are step-by-step instructions or guidelines designed to achieve specific tasks or outcomes.
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