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Model Business Corporation Act
A model set of laws prepared by legal experts to guide states in the development of their corporate statutes.
Shares
Units of ownership in a corporation or financial asset that represent an equal proportion of its capital.
Benefit
An advantage, profit, or gain received or enjoyed by an individual or entity, often as a result of a contract, employment, or other agreement.
Promoter
An individual or company who takes initiative to organize, finance, or promote and start up a new business venture or event.
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