llcs-corporations-partnerships

(Wex page)
Definition

See: Shareholder Derivative Suit.

(Wex page)
Definition

A binding contract between the shareholders of a corporation, defining the shareholders' rights, privileges, protections and obligations. The shareholder's agreement usually includes the corporation's articles of incorporation and bylaws....

(Wex page)
Definition

Meeting of the shareholders of a corporation, held at least annually, to elect members to the board of directors and hear reports on the business' financial situation as well as new policy initiatives from the corporation's management. In...

(Wex page)
Definition

Member of a partnership who shares in the partnership's profits and losses but is not involved in active management of the company. A silent partner could still be personally liable for the company's debts unless the partnership is a limited...

(Wex page)
Definition

Stands for Strategic Lawsuit Against Public Participation. Lawsuit filed strategically by a corporation against a group or activist opposing certain action taken by the corporation, usually in the realm of an environmental protest. Typical...

(Wex page)
Definition

Owner of a sole proprietorship. See: Sole proprietorship.

(Wex page)
Definition

A business entity owned and managed by one individual. The owner, called a sole proprietor, does not pay separate income tax on the company, but reports all losses and profits on his/her individual tax return. Because the owner is...

(Wex page)
Definition

The forced sale of stock owned by minority shareholders in a joint-stock company, usually in the context of an acquisition. State law governs squeeze-outs and requires fair cash value be paid to the minority shareholders from the acquiring...

(Wex page)
Definition

Equity ownership in a corporation, entitling the owner to share in the profits of the corporation.

See alsoCommon stockShareholders' agreement
(Wex page)
Definition

A printed certificate issued by a corporation to a shareholder, documenting ownership in a stated number of a shares of that corporation's stock.

See alsoStockCorporation

Pages