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A quasi-corporation is [1] an entity that exercises some of the functions of a corporation, but has not been granted separate legal personality by statute. [2] For example, a public corporation with limited authority and powers such as a county or school district is a quasi-corporation.
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]
Amtrak (National Railroad Passenger Corporation) is a passenger railroad service that provides intercity service throughout the contiguous United States and parts of Canada. The Central Intelligence Agency (CIA) gathers foreign intelligence and provides national security assessments to policymakers in the United States.
Company: In the Korean Commercial Act, a company is a corporation established for commercial activities or other for-profit purposes. A company comes into existence by registering its incorporation at the location of its head office. 합명회사; 合名會社; hammyeonghoesa : gōmei gaisha (Japan); corporation similar to a general partnership
What is an LLC? A limited liability company (LLC) is a business entity that helps to protect the business owner from the liabilities incurred by the company they own.. As a sole proprietor, you ...
Companies portal; United States portal; Below are U.S. entities that are quasi-public, sometimes meaning they operate like (and are sometimes organized as) private organizations and are run by a board of directors or similar arrangement whose members are appointed by government entities.
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably. The defining characteristics are that they have a distinct legal form and that they are established to operate in commercial affairs.