An S corp (or S corporation) is a business structure that is permitted under the tax code to pass its taxable income, credits, deductions, and losses directly to its shareholders. That gives the S corp certain advantages over the more common C corp. The S corp is available only to small...
A safe harbor may refer to a strategy used by companies that are trying to thwart ahostile takeover. In many cases, a company will make special amendments to its charter or bylaws that become active only when a takeover attempt is announced or presented to shareholders with the goal of mak...
Mandatory HOAs are just what they sound like: You have to join if you want to live in the community. That means paying fees and following the bylaws, too. » MORE: What to know about buying a new-construction home Back to top What is an HOA fee? HOA fees are dues that members pa...
The PTO is made up of local independent groups of teachers, parents and school staff members that function under their own bylaws. There are approximately 60,000 PTOs across the U.S., according to PTO Today, an online resource for school parent groups. While some groups use different acronyms...
The directors complete the organization by holding what is usually called “the first meeting of directors”. At their organizational meeting, the directors will adopt the bylaws (unless they have been adopted by the incorporators), elect officers, accept subscriptions for and issue stock, and gene...
Sometimes, a specific quorum or number of votes is required to validate a decision, even in written consent situations. Consistency with governance processes: Unanimous written consent shouldn’t replace other formal governance procedures unless allowed by the bylaws. For significant decisions, holding ...
What purpose is served by the bylaws of a corporation? What is the purpose of the balanced scorecard? What does a CFO do that a controller does not do? Define profit pool. What is its purpose? What is the primary purpose of a nonprofit organization?
What is arbitrage? What are equities? What is a corporate resolution? What is corporate resolution? What are bylaws for? What is the definition of agency law? What are shares outstanding? What is a restrictive covenant? What are corporate bylaws for?
The triple bottom line (TBL) is a sustainability-focused accounting framework that includes social, environmental and financial factors as bottom-line categories. Businesses, nonprofit organizations and government entities use the TBL to evaluate not only their financial performance, but the overall econom...
What is the purpose of a certificate authority? The main goal of a CA is to verify the authenticity and trustworthiness of a website, domain and organization so users know exactly who they're communicating with online and whether that entity can be trusted with their data. When a CA issues...