Examlex
"My computer does not like me. It keeps eating my pictures," says three-year-old Kimberly. This is an example of
Profit Share
An arrangement where profits from a business venture are distributed among the participants or stakeholders.
General Partner
A partner in a limited partnership whose liability is unlimited.
Limited Liability
Refers to a legal structure where a person's financial responsibility for business debts does not exceed their investment in the company.
Partnership Firm
A business entity in which two or more individuals share ownership, responsibilities, profits, and liabilities.
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