corporations

Disregarding the corporate entity is also known as the “alter ego doctrine” or “piercing the corporate veil.” Generally, shareholders of a corporation are protected from being held personally liable

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Dissolution of corporation refers to the closing of a corporate entity which can be a complex process. Ending a corporation becomes more complex with more owners and more assets. For every corporation, the starting point for ending the corporation is getting the required approval within the corporation for the dissolution.

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In the context of business law, distribution of profits is the dispensing of the profits amongst partners of partnership, members of a Limited Liability Company, or employees in a company, as per the terms outlined in a profit-sharing agreement. 

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Divestiture is the partial or full disposal of an asset by a company or government entity through sale, exchange, closure, or bankruptcy. Divestiture can either be voluntary or court ordered.

In business law, divestment is when a business sells off its subsidiaries, investments, or other assets for a financial, ethical, or political objective. To do so, the business must partially or fully remove the asset from its financial records (books).

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Dividends are the payment of a corporation's profits to its shareholders. Payment of dividends are not mandatory; rather, the board of directors may use its discretion to decide whether to invest the company's profits back into the company pay them out in dividends.

A domestic corporation is a corporation that does business in the jurisdiction in which it is incorporated. This can be compared to a Foreign Corporation which conducts business in a jurisdiction other than its place of incorporation.

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Double taxation refers to the imposition of taxes on the same income, assets or financial transaction at two different points of time. 

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Dump buyback, also called asset dump and buyback, is a method used by some business owners to avoid paying debts. In this scheme, the assets of a struggling business are sold to a friend or associate at a reduced or liquidated price, often with financing provided by the original owners.

The duty of care is a fiduciary duty requiring directors and officers of a corporation to make decisions that pursue the corporation’s interests with reasonable

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