Examlex
Differentiate between voluntary and involuntary services with examples.
Payment
The act of giving or transferring money or monetary value in exchange for goods, services, or to fulfill a legal obligation.
Shares
Units of ownership interest in a corporation or financial asset, providing an entitlement to a portion of the profit.
Preemptive Rights
Rights that allow existing shareholders in a corporation the first chance to buy new shares before the public, to maintain their proportionate ownership.
Closely Held Corporation
A closely held corporation is a type of company characterized by a small number of shareholders, typically involving family or close associates, with restrictions on the sale or transfer of shares.
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