Examlex
A contract between two or more parties in which one party agrees,for a fee,to assume the risk of another is called _____.
Business Trust
A form of business organization managed by trustees for the benefit of its beneficiaries, offering benefits like reduced taxation and liability protection.
Limited Liability Company
A company formation that merges the direct tax obligations of a partnership or a sole proprietorship with the protection against personal liability offered by a corporation.
Ease of Formation
The relative simplicity and lack of complication in legally establishing a new business or company.
General Partnership
A business arrangement where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
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