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Partners are not required to participate in winding up the partnership.
Cash Dividend
A payout of a company's earnings to its shareholders in the form of cash.
AMT
Alternative Minimum Tax, a parallel tax system designed to ensure that individuals and corporations pay at least a minimum amount of taxes.
Alternative Minimum Tax
A parallel tax system designed to ensure that individuals and corporations that benefit from certain exemptions, deductions, or credits pay at least a minimum amount of tax.
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued.
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