corporations

Fiduciary Duty

Overview

When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else, usually financially.

The person who has a fiduciary duty is called the fiduciary, and the person to whom...

Fixed Asset

Also known as plant, it is tangible, long-term assets or properties that are not consumed or easily converted into cash. Fixed assets are often used in the production of income.

Foreign Corporation

Definition

A corporation that does business in a state but is incorporated in a different state or a foreign country. A foreign corporations must file a notice of doing business in any state in which it does substantial business.

Compare to a...

Foreign Corrupt Practices Act (FCPA)

Federal legislation with two main provisions- one addressing accounting transparency requirements under the Securities Exchange Act of 1934 and the other concerned with bribery of foreign officials.

Foreign Direct Investment

Foreign Direct Investment: An Overview

The International Monetary Fund (“IMF”) defines foreign direct investment (“FDI”) as a “cross-border investment” in which an investor that is “resident in one economy [has] control or a...

Franchise Agreement

Definition from Nolo’s Plain-English Law DictionaryThe contract that establishes the terms of a franchise relationship.

Definition provided by Nolo’s Plain-English Law Dictionary.

Franchise Tax

A state law levied on businesses or corporations chartered within that state. The tax is typically based on the net worth of the taxpaying entity, rather than on income.

Franchisee

Definition from Nolo’s Plain-English Law DictionaryAn individual or entity that is granted a franchise.

Definition provided by Nolo’s Plain-English Law Dictionary.

Franchiser

Definition from Nolo’s Plain-English Law DictionaryAn individual or entity that grants a franchise; also spelled franchisor.

Definition provided by Nolo’s Plain-English Law Dictionary.

Freeze-out Provision

Provision in a corporate charter that allows an acquiring company to buy the stock of minority shareholders in exchange for fair cash value for a certain period of time, usually two to five years, after the acquisition.

See also

Squeeze-...

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