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A shareholder is an owner (partly or fully) of a legal business entity which is capitalized through the issuance of shares and whose liability to the debts of the entity is limited by the shareholders shares which have been declared. A member is an owner of an LLC who is not issued with shares and whose liability, is limited to the extent of his investment in the LLC.
2011-10-20 05:30 PM
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BMICS
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