Examlex
Convergent thinking is characterized by higher levels of activity in _____
Manager-Managed LLC
A limited liability company structured so that managers, rather than members, handle the daily operations.
Judicial Dissolution
The process by which a court orders the dissolution or termination of an entity, such as a corporation or partnership, based on legal grounds.
LLC
Abbreviation for 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.
Transferable Interest
The portion of a member's ownership in a limited liability company (LLC) that can be transferred or sold to other parties, typically including the right to receive financial distributions.
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