Examlex
Because of information technology, virtual teams provide a problem-free approach to dealing with issues among team members at geographically dispersed locations.
Limited Liability Company
A form of business organization that unites the personal tax treatment of a partnership or sole proprietorship with the limited legal responsibility associated with corporations.
Tax Purposes
For tax purposes refers to the specific reasons or objectives related to the calculation and payment of taxes to comply with tax laws.
Elect
To choose or select someone or something for a specific role or position through a vote or decision-making process.
Partnership
A lawful collaboration between two or more parties to manage a business and share its profits.
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