Examlex
Miranda notices that her cat salivates as soon as her cat hears the sound of the electric can opener. In this example, the sound of the can opener is the __________
De Facto Corporation
A company that operates like a corporation and may be treated as one for legal purposes, despite not having completed formal incorporation steps.
State Incorporation Statute
Laws established by individual states governing the process, requirements, and regulations for the incorporation of businesses within their jurisdiction.
Closely Held
Refers to a business that has a small number of shareholders, often family members, without public stock offerings.
Offer Stock
The process by which a corporation issues new shares of stock to potential buyers, typically to raise capital.
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