Examlex
Each instruction executed during an instruction cycle is made up of shorter ______.
Sole Proprietorship
A business structure where a single individual owns and operates the business, responsible for all debts and legal actions against the business.
Personal Liability
The responsibility of an individual to bear the loss or obligation of debt out of their personal assets.
Articles of Organization
The document filed with a state government to legally form a limited liability company (LLC).
Limited Liability Company (LLC)
A corporate format that unites the direct taxation system of sole proprietorships or partnerships with the advantage of limited legal responsibility typical of corporations.
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