Examlex
If the less developed world is called "The Third World," then what are "The First World" and "The Second World"?
Shareholder Level
Refers to the status or category of ownership in a corporation, where individuals or entities own shares representing a portion of the company.
Subchapter S
A designation for corporations that meet specific Internal Revenue Code requirements, allowing them to pass income directly to shareholders and avoid double taxation.
Model Business Corporation Act
A model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to standardize and provide a guideline for corporation law.
Small Corporations
Businesses incorporated under the laws of a state that have a limited number of shareholders and meet certain other criteria.
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