Examlex
A willful misclassification of workers by an employer under the Fair Labor Standards Act of 1938 (FLSA)may result in imprisonment and up to a $10,000 fine.
Sole Proprietorship
A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.
Partnership
A lawful business structure that involves two or more people co-managing and sharing the earnings.
Professional Corporations
A type of corporate structure specifically designed for licensed professionals, such as doctors, lawyers, and accountants, providing certain tax and legal benefits.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, making them part owners of the company with certain rights and responsibilities.
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