Examlex
Define bureaucracy.
Derivative Suit
A legal action brought by shareholders on behalf of a corporation against parties allegedly causing harm to the corporation.
Litigation Expenses
Costs incurred during the legal process, including attorney fees, court fees, and other related expenses.
Corporation
A legal entity recognized by law as separate from its owners, with its own rights and responsibilities.
Close Corporations
A type of business structure where the number of shareholders is limited, and stock is not publicly traded, often managed in a hands-on manner by its owners.
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