Examlex
Which variation of new venture teams is described as a small separate, informal, highly autonomous, and often selective group that focuses on breakthrough ideas for the business?
General Partners
Individuals in a partnership who are responsible for the management of the partnership, have unlimited liability for its debts, and share the partnership's profits.
Limited Partners
Part-owners of a partnership who have limited liability to the debts of the partnership and do not participate in day-to-day management.
Personal Liability
The legal responsibility of an individual to satisfy debts or obligations from their own assets.
Debts
Money owed by one party, the debtor, to another, the creditor; an obligation to pay or render something of value.
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