Examlex
Identify the battery that is in most automobiles.
Limited Liability Company
A corporate configuration that unites the straightforward tax treatment of sole proprietorships or partnerships with the limited personal liability characteristic of corporations.
Unincorporated Business Association
A group engaged in business without the formalities and legal protections of incorporation, such as partnerships or sole proprietorships.
Limited Liability
Limited Liability is a legal structure that limits an owner's or shareholder's personal liability for a company's debts and obligations.
General Partners
Members of a partnership who are responsible for the management of the partnership, have full authority to bind it, and face unlimited personal liability for its debts.
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