Examlex
A philosophy in which similar parts are combined into families, and the processes required to make the parts are arranged in a specialized workcell.
Corporation
A legal entity recognized by law as a separate entity from its owners with its own rights, liabilities, and obligations.
Board of Directors
A group of individuals elected to represent shareholders and govern the corporation's affairs and decision-making processes.
General Partnership
A business structure where two or more individuals own and operate a business together, sharing all profits, losses, and liabilities equally, unless otherwise agreed.
Formalities
Specific procedures or ceremonial acts legally required to validate contracts, documents, or other legal actions.
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