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Stockholder Somebody who owns one or more shares of a company’s stock
Sole proprietorship A type of business entity that is owned and run by one individual
Unlimited liability A type of investment in which a partner or investor can lose an unlimited amount of money
Partnership an arrangement in which parties agree to cooperate to advance their mutual interests General partner all partners manage the business and are personally liable for its debts
Limited partner certain limited partners relinquish their ability to manage the business in exchange for limited liability for the partnership's debts
Master limited partnership all partners have some degree of limited liability
Corporation separate legal entity that has been incorporated through a legislative or registration process established through legislation
Stock aggregation of buyers and sellers a loose network of economic transactions
Closed corporation Firm whose all issued shares are held by a family or a small group of investors and, therefore, cannot be bought by the public. Also called privately held corporation. See also closely held corporation
Open corporation Firm whose shares are publicly traded, and are not monopolized by a small group of investors. Opposite of closed corporation
Domestic corporation Local corporation, formed under the laws of the jurisdiction where it is domiciled
Foreign corporation Firm incorporated under the laws of a foreign jurisdiction and owned or controlled by non-nationals. Also called alien corporation, foreign concern, or foreign firm.
Alien corporation Deals with foreign corporations
Common stock the residual assets of the company
Preferred stock part common stock and part bond
Dividend share of the after-tax profit of a company, distributed to its shareholders according to the number and class of shares held by them
Proxy Law stock exchange a document authorizing somebody to vote on matters of corporate stock on behalf of somebody else
Board of directors Governing body (called the board) of an incorporated firm
Corporate officers A person’s financial liability to a fixed sum
Limited liabilities person's financial liability is limited to a fixed sum
S-corporation computing compensation for employees and shareholders
Limited- liability company flexible form of enterprise that blends elements of partnership and corporate structures
Not-for-profit corporation a nonprofit and non-commercial organization
Cooperative Firm owned, controlled, and operated by a group of users for their own benefit
Joint venture New firm formed to achieve specific objectives of a partnership like temporary arrangement between two or more firms
Syndicate Temporary association of two or more individuals or firms to carry out a specific business venture or project such as large scale real estate development.
Merger Voluntary amalgamation of two firms on roughly equal terms into one new legal entity
Tender offer Acquiring a firm despite the disapproval of, or open resistance from, its board of directors
Proxy fight Unfriendly contest for the control of an organization in which two or more groups seek proxies from the members or eligible voters to back their takeover attempt
Hostile takeover Bid or offer submitted in response to an invitation to bid (ITB) or request for tenders.
Created by: daria.sweatt
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