Examlex
If a firm's sales revenue exceeds its expenses, the firm has earned a profit.
Selected
Chosen from a group based on specific criteria or for a specific purpose.
Limited Liability Company
A Limited Liability Company (LLC) is a business structure that offers personal liability protection to its owners, along with tax and operational flexibility.
Formed
The process of creating or establishing something, often referring to the formation of a legal or structured entity such as a company or agreement.
Advantages and Disadvantages
A consideration of the positive and negative aspects of a particular decision, action, or strategy.
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