What Characteristic or Feature of a Service Company Distinguishes Such

question 103

Essay

What characteristic or feature of a service company distinguishes such a business from a manufacturing company?

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Definitions:

Member

An individual who has been admitted to membership in a particular group, organization, or category.

LLC

Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Damages

A monetary compensation awarded to a person as restitution for loss or injury caused by the unlawful acts or negligence of another party.

Dissociating Member

An individual who is leaving or has left a partnership or limited liability company (LLC), and hence is severing ties with the entity.