corporations

Gains are the output over the basic expense of an investment, or the increment of the asset. Selling different assets will result in different gains or losses, which will be charged with different tax rates.

The general counsel is the senior attorney that represents a business. This can be an in-house position or a partner from an outside law firm. This position is also named chief counsel or legal director. The general counsel will report directly to the executive leadership of a company and monitor any potential risks in all departments.

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General partners are two or more persons engaged in a business for the purpose of joint profit, thereby creating a general partnership.

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Golden parachute refers to a payment agreement for officers and management if they lose their jobs or face major changes to their jobs due to a sale of their company. Often when a public company faces a hostile takeover, the officers and management will lose their jobs. The golden parachute gives the officers and management security in these situations, but these payments are highly controversial.

Greenmail refers to a strategy used by corporate boards of directors to prevent the takeover of a corporation or the increasing influence of an adverse shareholder. Greenmail became extremely popular in the 1980s with the rise of takeovers of public corporations.

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Gun jumping refers to unlawful activities by a company awaiting regulatory approval for a transaction. The term arises in the context of (1) securities regulation and (2) anti-trust regulation.

Hiring firms are businesses that employ one or more independent contractors.

A holding can have different meanings depending on the context used. 

A holding company is a corporation that owns sufficient voting stock in another corporation to control its policies and management.

Home office in the legal setting most commonly arises regarding the potential tax deductions under § 280A(c) of the Internal Revenue Code.

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