Examlex
What is the main advantage of using oil paint over other paint media?
Dissolution
The official termination of an entity's existence, such as a corporation or partnership, through legal processes.
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.
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