Examlex
In 2009,President Obama proposed limiting the value of deductions for high-earners.
Operation of Law
Changes in legal rights or status that occur automatically due to established legal rules, without the need for action by the parties involved.
Limited Liability
A legal structure for businesses where owners' personal financial liability is restricted to the amount they have invested in the company.
Certificate of Limited Partnership
A legal document filed with a state government to establish the existence of a limited partnership.
General Partners
Individuals in a partnership who have joint authority and responsibility for the management of the business, including its debts and liabilities.
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