LIMITED ENTREPRENEUR
An individual who partakes in a limited liability company but does not have an active role in administering the company. A limited entrepreneur need not to pay self-employment tax and is not accountable for any debts of the company. But LLC owners must be cautious in allocating not more than 35% of the its losses to limited entrepreneurs. Otherwise, it would be considered as a syndicate and be facing several tax treatment.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Digesting Financial Statements: Working Capital
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