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A Law Firm Provides Legal Services for Clients Who Do

question 90

True/False

A law firm provides legal services for clients who do not pay immediately.As a result of this transaction,assets and revenues increase.


Definitions:

Limited Liability Company

An organizational form blending a corporation's limited liability feature with the pass-through tax benefits of a partnership or sole proprietorship.

Manager Liability

The responsibility and potential legal accountability of managers for actions taken within the scope of their managerial roles.

Limited Liability Company

A corporate structure that integrates the limited liability characteristic of a corporation with the tax-pass-through trait of sole proprietorships or partnerships.

Aggregate

A total or sum made from individual parts.

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