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Articles of incorporation is a set of formal documents filed with a government body to legally document the creation of a corporation.| Investopedia
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A liability is something a person or company owes, usually a sum of money. Payment can be either near- or long-term. Liability can also mean a legal risk or obligation.| Investopedia
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A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.| Investopedia