Examlex
________ are the rules that dictate how one is expected to behave in various situations.
Transferee
An individual or entity that receives property, rights, or interests from a transferor.
LLC Member
An individual or entity that holds an ownership interest in a Limited Liability Company, participating in the management and operation of the LLC according to the terms of the operating agreement.
LLC
A Limited Liability Company is a U.S. business entity that merges the tax benefits of a partnership or sole proprietorship with the corporation's advantage of limited liability.
Partnership Taxation
The tax rules and regulations that apply to the income, deductions, and credits of a partnership and how they are reported to the partners.
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