List and Briefly Describe the Three Types of Capital

question 95

Essay

List and briefly describe the three types of capital.

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Definitions:

Minutes

The official written records of the discussions and decisions made during formal meetings.

Board Of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.

Shareholder Voting Agreement

An agreement among shareholders outlining how they will vote their shares on certain matters such as elections of the board of directors, to ensure a particular outcome.

Bound

In legal terms, it refers to being legally or ethically obligated to do something.