Examlex
The needs approach to determining life insurance amounts considers which of the following?
Limited-Liability
This is a legal status that prevents a company's shareholders from being personally liable for the company's debts or liabilities beyond their investment in the company.
Articles of Incorporation
Legal documents filed with a governmental body to legally document the creation of a corporation.
State
A political entity with a centralized government that has sovereignty over a geographic area.
Partnership
An association of two or more persons to carry on as co-owners of a business for profit.
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