Examlex
The authors of the text contend that
Operating Agreement
A legal document outlining the governance and operational guidelines of an LLC, including the rights and responsibilities of its members.
Voting Rights
The entitlements of shareholders or members of an organization to vote on matters affecting the governance of that entity.
Common Stock
The most usual type of corporate stock. It carries with it all the risks of the business and does not guarantee its holder the right to profits.
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