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Closely Held Corporation
A corporate entity characterized by a small group of shareholders, often with family members holding a majority of the stock.
Fiduciary Duty
An obligation to act in the best interest of another party, such as the relationship between a trustee and the beneficiaries of a trust.
Public
The general population or community at large, often in relation to matters of public interest or public spaces.
Personal Guarantee
A commitment by an individual to assume responsibility for the financial obligations of another party, typically in the context of a loan or lease.
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