Examlex
A mechanistic structure is decentralized, has a wide span of control and little formalization.
General Partner
A partner who has unlimited liability.
Limited Partner
The partner’s liability is limited to the amount of investment in the partnership.
Mutual Partner
Relates to a type of partnership where all partners share equally in the responsibilities, profits, and losses of the business.
Law Firm
A business entity formed by one or more lawyers to engage in the practice of law, providing legal services to clients.
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