Definitions for "Business Corporation" Add To Word List
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a general-purpose entity in which management is exercised by a board of directors elected by shareholders
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a legal entity permitted by law in every state to exist for the purpose of engaging in lawful activities of a business nature
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a legal entity which most people commonly understand to be a company that sells shares of stock to investors
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an artificial entity and offers limited liability that protects the personal property of its shareholders
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A "for profit" corporation, organized under Alaska law or registered to do business under Alaska law.
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A business corporation act is the collection of laws in each state that governs corporations.
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