Examlex
What were the apparent causes of the problems faced at the magnesium plant of Alcoa?
Personally Liable
When an individual is personally responsible for fulfilling a debt or legal obligation, risking personal assets beyond a corporate structure.
Partnership
A bona fide business arrangement that includes two or more individuals managing together and sharing earnings.
Joint Venture
A joint undertaking by two or more persons or business entities to combine their efforts or their property for a single transaction or project, or for a related series of transactions or projects. A joint venture is generally treated like a partnership for tax and other legal purposes.
Co-Venturers
Parties that collaborate on a specific business venture, sharing profits, losses, and control.
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