Examlex
The amount of compensatory damages that can be awarded in Title VII cases are capped based on the size of the employer.However,there is no cap on the amount of attorney fees that can be awarded to the successful party.
Tax Election
A choice allowed under tax law that enables taxpayers to determine how they want certain tax rules to apply to them.
Member-Managed
Pertains to an organizational structure, typically in LLCs, where all members participate directly in decision-making and management activities.
Majority Vote
A decision-making process where the option that receives more than half of the votes is chosen.
Business Decisions
Choices made by individuals or groups in the context of business operations that affect the organization's strategy and performance.
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