A foreign corporation is a corporation which is incorporated or registered under the laws of one state or foreign country and does business in another. In comparison, a domestic corporation is a corporation which is incorporated in the state...
llcs-corporations-partnerships
(Wex page)
Franchise has different meanings under the law:
Franchise is commonly used to refer to a relationship wherein a business organization, called a franchiser, in exchange for a fee and with the franchisor's guidance, allows another... (Wex page)
Fraudulent transfer act refers to laws enacted by states that establish the rights of creditors against debtors where it appears the debtor fraudulently transferred property to avoid paying creditors. Almost every state has enacted the Uniform...
(Wex page)
A freeze-out is one way for majority or controlling shareholders in closely held corporations to abuse and oppress minority shareholders. More specifically, a freeze-out is the manipulative use of corporate control to eliminate minority...
(Wex page)
Freeze-out provision is part of a corporate charter that allows an acquiring company, during a freeze-out merger, to buy the stock of minority shareholders in exchange for fair cash value for a certain period of time, usually two to five...
(Wex page)
The general counsel is the senior attorney that represents a business. This can be an in-house position or a partner from an outside law firm. This position is also named chief counsel or legal director. The general counsel will report...
(Wex page)
General partners are two or more persons engaged in a business for the purpose of joint profit, thereby creating a general partnership. General partners assume unlimited joint and several personal liability; as such, a general partner may be...
(Wex page)
Greenmail refers to a strategy used by corporate boards of directors to prevent the takeover of a corporation or the increasing influence of an adverse shareholder. Greenmail became extremely popular in the 1980s with the rise of takeovers of...
(Wex page)
Home office in the legal setting most commonly arises regarding the potential tax deductions under § 280A(c) of the Internal Revenue Code. Since the Tax Cuts and Jobs Act of 2017 disallowed the employee business expenses deduction until 2026...
(Wex page)
A hostile takeover is a type of acquisition where a company (the acquirer) takes control of another company (the target company) without the approval or consent of the target company's board of directors. In other words, the target company's...