Outline from a Legal Perspective the Differences One Would Expect

question 19

Essay

Outline from a legal perspective the differences one would expect to experience between a residential and a commercial real estate transaction.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Company Liquidates

The process in which a company ceases operations and sells off its assets to pay creditors.

Professional Corporation

A professional corporation is a type of business entity that is organized to provide professional services, such as legal or medical services, and offers its members liability protection.

Lawyer

A professional who is qualified to offer advice about the law or represent someone in legal matters.