llcs-corporations-partnerships

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Definition

A corporation's official listing of shareholders as well as a record of the corporation's stock issuances and transfers.

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Definition

See: agent for service of process.

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Definition

A detailed document filed with the Securities and Exchange Commission (SEC), required for businesses that wish to issue shares to the public totally over $500,000. It contains detailed information on the business' history, financial state,...

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Definition

A formal statement of opinion or decision to take a certain action. See: corporate resolution.

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Definition

A corporation that qualifies and elects to be an S corporation under the Internal Revenue Code. Unlike C corporations, S corporations typically do not pay taxes to the federal government. Instead, most S corporations are taxed indirectly...

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Definition

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.

See alsoGuaranteed signatureElectronic signature

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Definition

Action taken by a corporate fiduciary done for that person's personal gain, rather than for the benefit of the corporation. Examples include taking a corporate opportunity, using corporate funds as a personal loan or purchasing company stock...

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Definition

A person who owns and operates a business by themselves or as a partner and derives income by conducting profitable operations of that business, rather than receiving a salary as an employee. A self-employed person is responsible for paying...

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Definition

The security interest on property that has priority in being paid back in full first before all other liens (junior liens).

See alsoLien
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Definition

A person who owns stock in a corporation.

See alsoCommon stockPreferred stock

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