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In the above figure, budget line DF would swivel in to the left if
RULLCA
The Revised Uniform Limited Liability Company Act, which provides a comprehensive legal framework for the formation, operation, and dissolution of LLCs in the jurisdictions that adopt it.
Automatic Dissolution
The process by which a legal entity, such as a company or partnership, is dissolved without the need for legal actions by its members or shareholders.
LLC
An LLC, or Limited Liability Company, offers a blend of characteristics from both corporations and partnerships/sole proprietorships, providing limited liability to its owners while allowing earnings to be taxed similarly to a partnership or sole proprietorship.
Operating Agreement
An arrangement among LLC's members concerning its business operations and members' financial and managerial rights and duties.
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