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TermDefinition
Stockholder Somebody who owns one or more shares of a company’s stock
Sole proprietorship a business owned by one person
Unlimited liability without limits, restrictions, or controls
Partnership the relationship between two or more people or organizations that are involved in the same activity
General partner business a member of a partnership whose liability is not limited
Limited partner a business partner who has no management responsibility and whose liability for company debts is limited to his or her financial stake
Master limited partnership a limited partnership managed by one of the partners for the benefit of all the partners
Corporation a company recognized by law as a single body with its own powers and liabilities, separate from those of the individual members. Corporations perform many of the functions of private business, governments, educational bodies, and the professions.
Stock a supply of goods for sale, kept on the premises by a store or business
Closed corporation business
Open corporation allowing people or things to pass through freely
Domestic corporation commerce produced, distributed, sold, or occurring within a country
Forgein corporation A foreign corporation is a term used in the United States for an existing corporation that is registered to do business in a state or other jurisdiction other than where it was originally incorporated. ...
Alien Corporation A company incorporated under the laws of a foreign country regardless of where the company conducts its operations
Common stock tock that entitles the holder to a dividend in line with the company's profits, as distinct from preferred stock that gives the holder priority when dividends are paid
Preferred stock equity stock whose holders are the first to receive dividends from available profit. Preferred stock is redeemed before common stock when a company is liquidated.
Dividend finance company profits paid pro rata to stockholders, either in cash or in more shares
Proxy law stock exchange a document authorizing somebody to vote on matters of corporate stock on behalf of somebody else
Board of directors directorate: a group of persons chosen to govern the affairs of a corporation or other large institution
Corporate officers Publicly and privately held for-profit corporations confer corporate titles or business titles on company officials as a means of identifying their function and responsibility in the organization. ...
Limited liability the liability of a firm's owners for no more than the capital they have invested in the firm
s-corporation An S corporation, for United States federal income tax purposes, is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any federal income taxes. ...
Limited- liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation; it is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions.
Not-for-profit corporation or not-for-profit organization, often called an NPO or simply a nonprofit and non-commercial organization, often called an NCO, is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends
Cooperative 1. a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits. 1. a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.
Joint venture a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.
Syndicate a group of individuals or organizations combined to promote some common interest.
Merger 1. a combination of two things, esp. companies, into one.
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 market price) for cash or securities or both
Proxy fight a measure used by an acquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of the target should be replaced
Created by: nicholas.kile15