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Affiliated Companies
Affiliated Companies Definition Affiliated companies can be described as an entity (company) in which another company holds less than 50% of its share capital i.e. having a minority interest in...
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Articles of Association
What is Articles of Association? The articles of association are a legal document which prescribes rules and by-laws for the company and acts as a document that defines the responsibilities of...
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Liquidation
Liquidation Meaning Liquidation is a process of winding up of a business or a segment of the business by selling off its assets to generate cash flow and use the cash flow to pay off the creditors and...
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Not-For-Profit Organization
What is Not-For-Profit Organization? A Not-for-profit organization is set up for any social, religious, educational or public service purpose wherein the motive is not to earn profits, however, any...
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Types of Business Entities
Types of Business Entities A business entity is an entity that that carries out business activities as per the respective laws of the country and can be of various types including private company,...
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Defalcation
What is Defalcation? Defalcation, a term used in Chapter 7 of the United States Bankruptcy Code, is an act of misappropriation of funds or resources, by a person who is entrusted with the office of...
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Joint and Several Liability
Joint and Several Liability Meaning Joint and Several Liability refers to conditions in a contract which is legally enforceable under which two or more person are jointly as well as individually...
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Board of Advisors
Board of Advisors Definition Board of advisors is an informal group of people who have professional knowledge and business experience and provide advice/suggestions, solutions to business issues to...
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Business Operations
Business Operations Definition The business operations can be defined as activities or deliverable business performs on a daily basis in order to sustain itself and enhances the value of the...
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Business Structure
What is Business Structure? Business Structure refers to the type of set up that an investor wants to put in before starting a business and it primary depends on the type of business set up, liability...
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