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Limited Liability Partnership
A business structure that offers its owners limited personal liability for the debts and actions of the partnership, while operating with a flexible management structure.
Statutorily Required Filing
Refers to documents or submissions that must be filed according to law or statute.
Obligations
Duties or responsibilities imposed by law, contract, or conscience that one party owes to another.
Assign Partnership Interest
The transfer of a partner's ownership interest in a partnership to another party, subject to the terms of the partnership agreement.
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