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What factors should an entrepreneur consider when choosing a form of ownership?
Articles of Incorporation
Legal documents filed with a governmental body to legally document the creation of a corporation.
Bylaws
The set of rules and regulations that govern the internal management and structure of a corporation or organization.
Shareholder Agreement
A contract among a company's shareholders detailing the rights and obligations, often including aspects like voting rights and share sales.
MBCA
Stands for the Model Business Corporation Act, a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to guide states in the development of their corporate statutes.
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