business organizations

Consortium

Definition

An association, combination or partnership of businesses, financial institutions or investors engaged in a joint venture.

See alsoJoint venturePartnership

Contribution

Business Law Definition

In business and partnership law, contribution may refer to a capital contribution, which is an amount of money or assets given to a business or partnership by one of the owners or partners. The capital contribution increases the...

Control

Control as a verb is to exercise one’s power or authority over something or someone, to regulate or govern, or to have a controlling interest in. Control as a noun is the power to govern, manage, direct, or oversee something or someone....

Copartner

Definition

See Partner

Corporate Charter

Definition

See Articles of Incorporation

Corporate Governance

The manner in which a corporation is governed. Corporate governance begins with applicable laws on the subject of corporations, but is heavily affected by judicial decisions and the rules included in a corporation's charter and bylaws. All such...

Corporate Officers

In a corporation, the corporate officers are chosen by the board of directors to do the day-to-day running of the company. The exact number and roles of the corporate officers vary based on state law and the company’s articles of incorporation, but...

Corporate Opportunity

Definition

A corporate opportunity refers to any business opportunity that may benefit a corporation. The corporate opportunity doctrine governs the legal responsibility of directors, officers and controlling shareholders in a corporation, under the...

Corporate Raider

Definition

See Raider.

Corporate Resolution

Definition

A written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation. The corporate resolution will be adopted at a board meeting, and can be found in the minutes of the...

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