business organizations

Charity

A charity is a nonprofit organization whose efforts are focused on aiding those in need. This can take several forms, which can be local or international in scope. Some raise money or provide services like food, clothing, or shelter to...

Chart of Accounts

A list of all the ledger accounts used by a business and serves as an index to locate any particular account within the ledger.

Charter

1. Broadly, the highest law of an entity. More specifically:

(a) In corporate law, the articles of incorporation.

(b) In public law, the instrument by which a municipality is incorporated (e.g., city charter). This type of charter...

Churn

The attrition of customers of a business or users of a service which is used to gauge the growth of a business or economy.

Clayton Antitrust Act

The Clayton Antitrust Act of 1914, codified at 15 U.S.C. 12-27, outlaws the following conduct:

price discrimination;conditioning sales on exclusive dealing;mergers and acquisitions when they may substantially reduce competition;serving on the board...

Close Corporation

Overview

A close corporation is a corporation which does not exceed a statutorily defined number of shareholders and is not a public corporation. This number depends on the state's business laws, but the number is usually 35 shareholders.

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Closely Held Corporation

Definition

A small, privately held corporation with only a few shareholders, usually family members or other close associates.

See alsoClose corporationFamily limited partnership

Co-operative (Co-op)

A form of business organization. Though generally a creature of state law, some federal laws apply to some co-ops as well. Co-ops differ from corporations and other business organizations both in their essentially democratic nature and in that their...

Common Stock

Definition

A class of stock or securities which represents equity ownership in a corporation. Common stock typically comes with voting rights, permitting shareholders control over the company by electing a board of directors and voting on corporate...

Company

Any form of business organization, most commonly a corporation, partnership, association, or fund, which engages in commercial activity for profit. A company can be its own legal entity with characteristics, liabilities and capacities distinct from...

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