Term
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Definition
| A mission statement is a statement of the purpose of a company or organization. |
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Term
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Definition
| An aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future. |
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Term
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Definition
| C corporation refers to any corporation that, under United States income tax law, is taxed separately from its owners. |
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Term
| Limited Liability Company |
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Definition
| A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. |
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Term
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Definition
| Organization created to serve a purpose other than the generation of profit (for distribution among stockholders) and usually given a tax exempt status. |
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Term
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Definition
| An arrangement where parties agree to cooperate to advance their mutual interests. |
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Term
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Definition
| Simplest, oldest, and most common form of business ownership in which only one individual acquires all the benefits and risks of running an enterprise. |
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Term
| Subchapter or S-corporations |
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Definition
| Type of the US corporate structure in which the firm's income is passed through its stockholders (shareholders) in proportion of their investment, and taxed at personal income tax rates. |
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Term
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Definition
| Regulation is administrative legislation that constitutes or constrains rights and allocates responsibilities. |
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Term
|
Definition
| A mission statement is a statement of the purpose of a company or organization. |
|
|
Term
|
Definition
| An aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future. |
|
|
Term
|
Definition
| C corporation refers to any corporation that, under United States income tax law, is taxed separately from its owners. |
|
|
Term
| Limited Liability Company |
|
Definition
| A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. |
|
|
Term
|
Definition
| Organization created to serve a purpose other than the generation of profit (for distribution among stockholders) and usually given a tax exempt status. |
|
|
Term
|
Definition
| An arrangement where parties agree to cooperate to advance their mutual interests. |
|
|
Term
|
Definition
| Simplest, oldest, and most common form of business ownership in which only one individual acquires all the benefits and risks of running an enterprise. |
|
|
Term
| Subchapter or S-corporations |
|
Definition
| Type of the US corporate structure in which the firm's income is passed through its stockholders (shareholders) in proportion of their investment, and taxed at personal income tax rates. |
|
|
Term
|
Definition
| Regulation is administrative legislation that constitutes or constrains rights and allocates responsibilities. |
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