Because LLCs are essentially just partnerships with limited liability for members, all partnership laws should apply. Explain
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Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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While there are certainly some differences between how LLCs operate relative to how ...View the full answer
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Related Book For 
Business Law Text and Cases
ISBN: 978-1337374491
14th edition
Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross
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