Examlex
Which of these is an acronym that could help you remember the Big Five traits?
Corporation
A legal entity (or a legal person) created by either a state or federal statute authorizing individuals to operate an enterprise.
Bylaws or Regulations
Rules or laws established by an organization or community to regulate its actions and enforce standards.
Annual Shareholders Meeting
A yearly gathering of the shareholders of a company to discuss its performance, elect the board of directors, and make decisions on other corporate matters.
Operating Agreement
A legal document outlining the governance and operational guidelines of an LLC, including the rights and responsibilities of its members.
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