Examlex
During the 1750s, the British Crown's North American colonies on the whole paid remarkably little in taxes to the mother country.
Limited Liability Company
An organizational setup that blends the limited liability perks of a corporation with the straightforward taxation process of partnerships or sole proprietorships.
Liability Limits
The maximum amount of coverage an insurance policy provides, representing the most an insurance company will pay for damages or losses.
Misconduct
Improper or unlawful behavior by a person in a position of authority or trust.
Risks
The potential for loss, damage, or any other undesirable outcome resulting from internal or external vulnerabilities.
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