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16 Cards in this Set
- Front
- Back
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limited liability company (LLC)
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A special type of corporation that is taxed as if it were a sole proprietorship or partnership.
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charter (certificate of incorporation)
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An official document granted by a state giving power to run a corporation.
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board of directors
(directors or board) |
Ruling body of a corporation
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nonprofit corporation
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An organization that does not pay taxes and does not exist to make profit
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stockholders
(shareholders) |
owners of a corporation
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dividends
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profits distributed to stockholders on a per-share basis
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quasi-public corporation
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a business that is important but lacks the proft potential to attract private investors and is often operated bu local, state, or federal government
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corporation
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a business owned by a group of people and authorized by the state in which it is located to act as though it were a single person
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shares
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equal parts of the division of ownership of a corporation
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Subchapter S coporation
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speial type of corporation allowed by states that is taxed as if it were a sole proprietorship or partnership
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close corporation
(closely held corporation) |
a corporation that does not offers its shares of stock for public sale
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cooperative
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A business owned and operated by its user-members for the purpose of supplying themselves with goods and services
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prospectus
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a formal summary of the chief features of the business and its stock offering
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proxy
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a written authorization for someone to vote on behalf of the person signing the proxy
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officers
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top executives who are hired to manage the business
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capitol stock
(or simply stock) |
the general term applied to the shares of a corporation
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