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Corporations
Legal entities recognized by law as separate from their owners, with rights to enter contracts, own assets, and be liable for debts.
Model Business Corporation Act
A set of statutory provisions designed to provide a standard legal framework for the formation, operation, and dissolution of corporations in the United States.
Preincorporation Subscription
An agreement by an individual to purchase shares in a corporation that is yet to be incorporated, showing early commitment to the entity's future.
Shareholder
An individual or entity that owns shares in a corporation, granting them certain rights, such as the right to vote on corporate matters and receive dividends.
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