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Janet was surprised to find out that her gynecologist,Dr.Herring,was good friends with her tennis partner,Sally.Janet had met Sally years ago in graduate school,while Dr.Herring knew Sally from church.The nature of each one's relationship to Sally is what sociologists call a(n) :
LLC
stands for 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.
Joint Venture
A business arrangement in which two or more parties agree to pool resources for the purpose of accomplishing a specific task.
Partnership
A legal arrangement where two or more persons agree to share the profits of a business which they run together.
Malpractice
Failure of a professional to perform their duties to the required standard of care, resulting in harm to their client or patient.
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