Examlex
When a product or an idea disperses outward from a center of origin,the process is known as
Limited Liability Company
A business organization strategy that harmonizes the limited liability advantage of a corporation with the taxation simplicity of a partnership or sole proprietorship.
Operations Participation
The involvement or engagement in the ongoing activities or processes of an organization, project, or system.
Articles of Organization
A document filed with a state governmental entity to legally establish a limited liability company (LLC).
Member-Managed
Describes a management structure in a limited liability company (LLC) where all members (owners) actively participate in the day-to-day operations and decision-making process.
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