Examlex
Most business enterprises in the United States are
Corporate Veil
A legal concept that separates the identity of a corporation from its shareholders, protecting them from being personally liable for the company's debts or legal obligations.
De Facto Corporation
A business that operates as a corporation without formal legal acknowledgment but is treated as such for some purposes.
Corporation's Bylaws
The written rules for conduct of a corporation, detailing the rights and obligations of the directors, officers, and shareholders.
Perpetrate A Fraud
The act of intentionally deceiving someone or a group in order to gain an unfair or illegal advantage, often financial.
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