The definition of a corporation is a legal form of business that protects its owners from losses greater than what is individually invested in the firm. A great deal of paperwork is necessary to incorporate a business. Articles of incorporation are necessary for filing with the state that it co...
What is legal structure and ownership in business? Who gets the profits from a sole proprietorship? What are the merits of sole proprietorship? What do small business law firms do? How is a sole proprietorship created? What is a share of an LLC called?
If you’ve ever had to handle electronically stored information (ESI) in preparation for legal proceedings, you’ve likely heard of the Electronic Discovery Reference Model (EDRM). Pagefreezer | 29 min read What Is Information Governance and The Information Governance Reference Model (IGRM)?
One of the first major problems in the establishment of a business organization is choosing the best form under which to operate. Undoubtedly, consultants are often called upon for advice on selecting the best form of operation. From...
What is a legal entity, or being, owned by individual stockholders, each of whom has limited liability for the firm's debts? Types of Business: Businesses are classified into various types in a market based on their characteristics like liability, o...
A business line of credit gives small business owners access to short-term funding. Learn what a business line of credit is, how it works, and how an unsecured line of credit can help manage cash flow.
This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects ...
Ownership in severalty occurs when the property is owned by one individual, corporation, or other entity. The term comes from the fact that a sole owner is
Joint tenancy is a form of property ownership normally associated withreal estate. Two or more parties come together at the same time to make a legally binding agreement with one another through adeed. These parties may be relatives, friends, or even business associates. For example, let's sa...
A land trust is a legal entity that takes ownership of, or authority over, a piece of property at the request of the property owner. Land trusts are living trusts that allow for the management of property while the owner is alive. However, like othertypes of trusts, each land trust's ...