llcs-corporations-partnerships

(Wex page)

The legal process of creating a corporation. Typically, this involves one or more incorporators filing the Articles of Incorporation with the Secretary of State in which incorporation is desired and paying required fees.

See also:

Articles of...
(Wex page)

The process of incorporating a business.

See Incorporate.

(Wex page)

Any individual who files the articles of incorporation on behalf of a business, thereby incorporating the business.

See also

IncorporateArticles of Incorporation
(Wex page)
Definition

Latin phrase meaning "between or amongst themselves". In a business law context, the phrase is commonly used in trust instruments to signal that only the rights of shareholders or trustees are involved.

(Wex page)
Definition

The purchase of a financial instrument or asset in the hopes of it producing income for the purchaser through profit or generating more business in the future.

See alsoProfitInstrument
(Wex page)
Definition

Security interest on property that cannot be satisfied until security interests with greater priority are paid back in full first.

See alsoLienSenior lien

L3C

(Wex page)
Definition

See: Low-profit limited liability company l3c.

(Wex page)
Definition

A legally enforceable claim on the assets of a business or property of an individual. In business, liability results from a breach of duty or obligation by act or failure to act. Liability also refers to the debt or obligation of a business...

(Wex page)
Definition

To be held legally responsible or obligated.

See alsoLimited liabilityObligation

(Wex page)
Definition

An important characteristic of corporations and other business organizations like the Limited Liability Company (LLC), is that investor liability is limited to the extent of their investment. That is, if the company loses a lawsuit or has...

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