Examlex
In calculating the present value of $1,000 to be received 5 years from today, the discount factor has been calculated to be .7008. What is the apparent interest rate?
Dissolved
The process of officially closing and ending the existence of a company or partnership.
Operating Agreement
An agreement in which the members of a limited liability company set forth the details of how the business will be managed and operated.
Limited Liability Company
A company organization style that merges the protective limited liability of corporations with the advantageous pass-through taxation of sole proprietorships or partnerships.
State Law
consists of the laws and regulations enacted by the legislative bodies of individual states.
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