llcs-corporations-partnerships

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Definition

Stock issued to a promoter by a newly formed corporation as payment for the promoter's efforts in promoting the corporation, which may involve finding funding and new stockholders, entering into contracts or actually filing the charter on...

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Definition

The owner of a sole proprietorship. See sole proprietorship.

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Definition

See sole proprietorship.

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Definition

A formal written document that accompanies a new offering of a corporate security, meant to provide information to potential buyers of that security. It contains detailed information on the business' history, financial state, current business...

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Definition

A person designated by another to attend a shareholders' meeting and vote on their behalf. A proxy can be revoked at any time by the grantor, unless it has been coupled with an interest.

Also short for a proxy statement, which is a...

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Definition

A corporation whose shares a publicly traded on a stock exchange. Also, a corporation owned by the government, or created for a municipal purpose.

See alsoSecuritiesClosely held corporation
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Definition

An entity, such as a county or school district, that has not been incorporated by a state, but that performs some functions of a corporation. Sometimes called a quasi-municipal corporation.

Illustrative caselaw

See, e.g. Barnes v....

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Definition

Also called a quasi-corporation. See quasi-corporation.

Illustrative caselaw

See, e.g. Pleasant Tp. v. Aetna Life Ins. Co., 128 U.S. 67 (1891).

See also

Municipal corporation

Public corporation

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Definition

A quorum is the minimum number of members of a group or committee required to be in attendance in order for that group to be able to take official action. Groups that often have quorum requirements include legislative bodies, corporate...

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Definition

A person or firm that attempts a hostile takeover of a company. Raiders usually target companies with potentially valuable assets, acquire funding to buy enough shares for controlling interest in the target and then break up the company,...

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