15 Terms
Contributors in Legal
Legal
limited liability company (LLC)
Law; Legal
A noncorporate business whose owners actively participate in the organization's management and are protected against personal liability for the organization's debts and obligations.
controlling shareholder
Law; Legal
A shareholder who owns more than half of the shares or majority of the outstanding shares in a company.
joint stock limited company
Law; Legal
An association engaged in a business for profit with ownership interests represented by shares of stock.
business license
Law; Legal
A legal document that grants you the right to operate a business in your city.
