Examlex
A ____ is a group of potential customers with similar needs who are willing to exchange something of value with sellers offering various goods or services.
Liability
The legal responsibility for one's actions or omissions, which may involve an obligation to pay damages or perform a specific duty.
Operating Agreement
A legal document that outlines the governing structure and operating guidelines of an LLC including the rights and responsibilities of its members.
Dissolution
The process of formally closing or ending a legal entity, such as a corporation or partnership.
Limited Liability Company
An entity where owners are not personally liable for company debts, offering flexibility in management and benefits of pass-through taxation.
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