Examlex
The average life span in the twentieth century
Unlimited Liability
A legal structure where business owners' personal assets can be used to pay off the business's debts and liabilities.
General Partner
An owner of a partnership who has unlimited liability and is active in managing the business.
LLLP
Stands for Limited Liability Limited Partnership, a form of partnership that provides all its partners with limited liability protections.
Federal Income Tax
A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.
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