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Explain the formation stage in the life of a task team.
Limited Liability Company
A type of business structure where owners have limited personal liability for the debts and actions of the company.
Legal Person
An individual or organization that has legal rights and obligations, capable of entering into legal contracts, and can sue or be sued.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.
Hold Title
The legal right of owning a piece of property, whether it's real estate or a vehicle, indicated by a document called a title.
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