llcs-corporations-partnerships

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Definition

A co-owner or investor in a business, called a partnership, who shares profits from that business with at least one other person. Partners are agents of the partnership and may enter into contracts on behalf of the partnership.

See...
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Overview

A partnership is a for-profit business organization comprised of two or more persons. State laws govern partnerships. Under various state laws, "persons" can include individuals, groups of individuals, companies, and corporations. As such...

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Overview

Pass-through taxation refers to the fact that a pass-through business pays no taxes. Instead, some control person pays the business's taxes through that person's own personal tax return.

Pass-through taxation typically applies to...

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Definition

See Piercing the corporate veil.

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Definition

A corporation’s defensive strategy against a hostile takeover bid in which current shareholders other than the tender-offer bidder or prospective bidder, upon a triggering event, have the right to purchase additional corporate stocks at a...

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Definition

Right of existing shareholders in a corporation to purchase newly issued stock before it is offered to others. The right is meant to protect current shareholders from dilution in value or control. Preemptive rights, if recognized, are usually...

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Definition

Dividend payment made to the holders of preferred stock. See: Preferred stock.

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Definition

Type of corporation, governed by state statute, that allows members of certain licensed professions to own stock in a corporation organized to render services in that profession. Members of a professional corporation remain liable for their...

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Definition

The positive gain from an investment after subtracting all expenses.

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Definition

A promoter acts on behalf of a corporation before it is formed. The promoter may be, but doesn't have to be, the same person as the corporation's incorporator. The corporation will not be liable for any contracts entered into by the promoter...

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