Examlex
A policy should state that if employees violate a company policy or any law using company technologies, the company will protect them, and the company is liable for the employee's actions.
LLC
Short for Limited Liability Company, a flexible form of business enterprise that blends elements of partnership and corporate structures.
RULLCA
An acronym for the Revised Uniform Limited Liability Company Act, which provides standardized regulations for the formation, operation, and dissolution of limited liability companies in the U.S.
Transferee
An individual or entity that receives property, rights, or liabilities from another through a legal transfer.
Manager-Managed LLC
A limited liability company structured so that managers, rather than members, handle the daily operations.
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