Examlex
_____________ such as paying salaries and setting up a shop floor are internal transaction costs.
Binding Arbitration
A legal process where a dispute is resolved by an impartial third party, whose decision is final and binding.
Member-managed LLC
A limited liability company where all members participate in the decision-making processes of the business.
Dispute
A disagreement, conflict, or controversy, often requiring resolution through legal processes.
Proxy Voting
The process by which a shareholder delegates their voting power to a representative, allowing them to vote at corporate meetings in their absence.
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