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Essay / Research Paper Abstract
This is a 15 page paper that provides an overview of corporate law. Many different terms are defined and example cases are cited. Bibliography lists 15 sources.
Page Count:
15 pages (~225 words per page)
File: KW60_KFlaw005.doc
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Unformatted sample text from the term paper:
determining the rights of corporations; specifically the court in this case determined that the equal protection clauses of the Constitution applied to corporations. 1 2 Close Corporation A close
corporation is also known as a privately held corporation, which means that the corporation holds all of its own shares of value, rather than selling these shares and securities to
public parties. Public Corporation A public corporation is a corporation which sells securities representative of its financial value to public investors in exchange for liquid assets that can be
used to expand and grow the organization. Partnership A partnership is a corporate structuring in which two or more people each have some stake in the profits and
losses of an organization; generally, all partners are equally liable. Limited Partnership In a limited partnership, at least one partner is considered to be "limited", alongside other partners
that are considered to be "general partners". Limited Partner A limited partner is a partner in an organization who isnt involved in the management or direction of the
corporation and thusly has no personal liability either, but who provided financial backing to establish the partnership in the first place. General Partner A general partner is distinct
from a limited partner in that they possess managerial authority of an organization, and accordingly, a share in the profits and losses of that organization. They are also subject to
unlimited personal liability. Proprietorship A proprietorship refers to an organization which is in effect run by a single individual; one person manages the business, and is responsible for all
the liabilities and obligations of the business, but is also entitled to all the profits. Limited Liability A limited liability refers to a company structure which is something
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