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  2. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    t. e. A limited liability company (LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1 ] An LLC is not a corporation under the laws of every state; it is a legal form ...

  3. Articles of association - Wikipedia

    en.wikipedia.org/wiki/Articles_of_association

    Articles of association are critical documents to corporate operations, as they may regulate both internal and external affairs. [1] Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada.

  4. Corporation sole - Wikipedia

    en.wikipedia.org/wiki/Corporation_sole

    A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person. [1] [2] This structure allows corporations (often religious corporations or Commonwealth governments) to pass without interruption from one officeholder to the next, giving positions legal continuity with subsequent officeholders having identical powers and ...

  5. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

  6. United States corporate law - Wikipedia

    en.wikipedia.org/wiki/United_States_corporate_law

    The New York Stock Exchange (headquarters pictured) is the major center for listing and trading shares in United States. Most corporations are, however, incorporated under the influential Delaware General Corporation Law. United States corporate law regulates the governance, finance and power of corporations in US law.

  7. Good standing - Wikipedia

    en.wikipedia.org/wiki/Good_standing

    Good standing. A person or organization in good standing is regarded as having no financial obligations. [ 1 ][ 2 ] A business entity that is in good standing has unabated powers to conduct its activities, which can include business endeavors. [ 3 ] Similarly, a person who is in good standing within an organization or educational institution ...

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