business organizations

Issuer

The term “issuer” means every person who issues or proposes to issue any security; except that with respect to certificates of deposit, voting-trust certificates, or collateral-trust certificates, or with respect to certificates of interest or shares...

Jingle Rule

Under common law, in determining the extent to which partnership creditors whose debts are not fully satisfied by partnership property can assert claims to the assets of individual partners, the Jingle Rule gave partnership creditors priority in all...

joint

Held in common by two or more persons or things. Some regular uses of the term “joint” in a legal sense include:

“Joint custody” is an arrangement in which both parents possess either legal custody or physical custody of a...

Joint venture

Joint ventures: an overview

A joint venture is a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development. The parties to the joint...

L3C

Definition

See: Low-profit limited liability company l3c.

large accelerated filer

Large accelerated filer is a class of reporting company which has significantly shorter deadlines to file their periodic reports.

Securities and Exchange Commission (SEC) Rule 12b-2 establishes the requirements a company...

Limited Liability

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...

Limited liability company (LLC)

A limited liability company (LLC) is a statutorily authorized business entity that is characterized by limited liability for and management by its members and managers, and taxable as a partnership for federal income-tax purposes. An LLC is a...

Limited liability partnership (LLP)

A limited liability partnership (LLP) is a partnership in which a partner is not liable for a negligent act committed by another partner or by an employee not under the partner's supervision. An LLP operates in similar fashion to a Limited...

Limited partnership

Limited partnership is a partnership composed of one or more persons who control the business and are personally liable for the partnership's debts (called general partners), and one or more persons who contribute capital and share profits...

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