llcs-corporations-partnerships

(Wex page)

(1) Register is a corporation's official listing of shareholders as well as a record of the corporation's stock issuances and transfers.

(2) Register is to file a security offering with the appropriate government agency to...

(Wex page)

See: agent for service of process

[Last updated in March of 2022 by the Wex Definitions Team]

(Wex page)

A registration statement is a document providing qualitative and quantitative information to investors that issuers must file with the Securities and Exchange Commission (SEC) in order to publicly offer securities.

Overview...
(Wex page)

A resolution is a formal statement of opinion or a decision to take an action.

In judicial proceedings, “resolution” means a judgment or decision of the court. In the context of a legislative practice, “resolution” is just a form in...
(Wex page)

S corporations are corporations that are taxed on a "flow -through" basis. This means that tax liabilities from income (or deductions from losses) are passed onto the corporations' shareholders to be declared individually. This tax scheme is...

(Wex page)

A seal is a device used to create an impression or imprint on paper utilizing wax or a stamp. The seal is used to execute a legal document or guarantee the document's authenticity.

A seal is unique to a sealer and is used by...

(Wex page)

Self-dealing is when a person with a fiduciary duty to a company takes action to gain personal benefit, instead of for the benefit of the company. For people who may not have a direct fiduciary duty, it also refers to a person who buys or...

(Wex page)

To be self-employed means one conducts business on their own, as a partner or owner, rather than working for employers. According to the instruction of IRS (on page 2), the person who will “carry on a trade or business as a sole proprietor or...

(Wex page)

Senior lien refers to security interests in an investment that get repaid before other liens. Typically, senior liens are the first liens issued with debt on an investment. Later investors also have a lien on the property, but if the debtor...

(Wex page)
Definition

A person who owns stock in a corporation.

See also Common stock Preferred stock

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