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In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). [4]
Members of an L3C are considered a fiduciary of the organization. Depending on a member's role in the organization, they may have varying fiduciary duties. Two common fiduciary duties are a duty of care and a duty of loyalty. Violations of these duties can result in a civil lawsuit and lead to compensatory damages and punitive damages. Note ...
requires one general partner with unlimited liability and one or more members with limited liability kkt. (közkereseti társaság) general partnership: all members have unlimited liability kft. (korlátolt felelősségű társaság) private limited company: company without stocks, the most common company type in Hungary [51] kht. (közhasznú ...
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It was announced this week that Longhorn Foundation members will now receive five loyalty points for every $100 that is donated to the Texas One Fund.
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