Examlex
A firm may acquire capabilities through:
Public Corporation
A company whose shares are traded freely on a stock exchange or markets, owned by public shareholders, and subjected to regulatory reporting requirements.
Model Business Corporation Act
A uniform set of laws that is designed to regulate the formation, operation, and dissolution of corporations, adopted by many U.S. states to facilitate business.
Close Corporation
A corporation with a limited number of shareholders and no public shares, often operated by a few individuals with closely aligned interests.
Charter of the Corporation
A legal document issued by a governmental authority that establishes a corporation and outlines its basic terms of operation, rights, and responsibilities.
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