This is the basic contract among the members of an LLC; it governs the affairs of the LLC and states the various rights and duties of the members and any managers.

Bob contributed $50,000 as a limited partner in a limited partnership. Upon dissolution of the partnership, the priorities in distributing the assets are to:

This type of capital creates an ownership interest in the corporation whereby the holders are owners of the corporation but also have a riskier financial position than that of creditors. 

This is the document that must be filed with the Secretary of State and become the basic governing document of the corporation (assuming the provisions are consistent with State and Federal Law).

What is the term for when a partner ceases to be involved in the business?

Alice signs an instrument in favor of Bob. The instrument states it is “subject to a certain security agreement between Charlie and Doreen.” This instrument is:

This is a type of unincorporated business association that consists of at least one general partner and at least one limited partner. It is formed by filing a certificate with the State. It may elect not to be a separate taxable entity, in which case only the partners are taxed. 

A method for judging the worth of a program or project while the program activities are forming.  

An evaluation typically conducted through interviews, observation, focus groups, portfolios, and journals to determine the quality of a program.

What is a common occurrence in an Episcopalian funeral rite?