Examlex
Which of the following is primarily used in cookies and cracker recipes?
General Partner
A member of a partnership who has full liability for the debts of the partnership and participates in its management.
Limited Partnership
A partnership structure where at least one partner has limited liability for the debts and obligations of the business, while at least one other bears unlimited liability.
LLC
A Limited Liability Company; a hybrid business structure that combines the personal asset protection of a corporation with the tax benefits of a partnership.
Distributions
The payment of assets from a fund or account to its shareholders or partners, such as dividends from a corporation or distributions from a partnership or LLC.
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