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Key Terms
| Term | Definition |
|---|---|
| Stockholder | Somebpdy who owns one or more shares of a company’s stock |
| Sole Proprietorship | A sole proprietor is someone who owns an unincorporated business by himself or herself |
| Unlimited Liability | Is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership |
| Partnership | the relationship between two or more people or organizations that are involved in the same activity |
| General Partner | business an owner of part of a company, usually a company he or she works in, who shares both the financial risks and the profits of the business |
| Limited Partner | on which some form of limit or restriction is imposed on the partner |
| Master Limited Partner | Master Limited Partnership investments deliver a simple value proposition: low taxes and high yields. |
| Corporation | a group of people acting as a single entity |
| Closed Corporation | A close corporation is generally a smaller corporation that elects close corporation status and is therefore entitled to operate without the strict formalities normally required in the operation of standard corporations. |
| Open Corporation | Helps to manage business content and meet information governance requirements. Has a list of products, solutions, and services. |
| Corporation | a corporation which is permitted by state law to operate more informally than most corporations (allowing decisions without meetings of the Board of Directors) and has only a limited number of shareholders |
| Foreign Corporation | A corporation which is incorporated under the laws of a different state or nation. A "foreign" corporation must file a notice of doing business in any state in which it does substantial regular |
| Alien Corporation | A company incorporated under the laws of a foreign country regardless of where the company conducts its operations |
| Common Stock | Securities that represent equity ownership in a company |
| Perferred Stock | Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders |
| Dividend | finance company profits paid pro rata to stockholders, either in cash or in more shares |
| Proxy | the function or power of somebody authorized to act for another person |
| Board of Directors | A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization |
| Corporate Officers | A Corporate Officer is a high ranking person in a given corporation that is assigned a title indicating his position within the corporation. |
| Limited Liability | Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. |
| S-Corporation | S corporations are corporations that elect to pass corporate income, losses, deductions and credit through to their shareholders for federal tax purposes |
| Limited-Liability Company | A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures |
| Not-For-Profit Corporation | A nonprofit organization, or not-for-profit organization, often called an NPO or simply a nonprofit and non-commercial organization |
| Cooperative | a business that is jointly owned by the people who run it, with all profits shared equally |
| Joint Venture | A joint venture (JV) is a business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity |
| Syndicate | an association of businesses jointly contributing capital to a major project |
| Merger | the joining together of two or more companies or organizations |
| Hostile Takeover | A takeover that is resisted by the management of the target company |
| Tender Offer | An offer to buy shares in a corporation (usually above the marke price) for cash or securities or both |
| Proxy Fight | A measure used by an aquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of the target shoul be replaced |
Created by:
Tatiyana.Crawford
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