Dec 9, 2013 | Corporate Glossary, Glossary
A special type of partnership which is very common when people need funding for a business, or when they are putting together an investment in a real estate development. A limited partnership requires a written agreement between the business management, who is (are)...Dec 9, 2013 | Corporate Glossary, Glossary
An organization incorporated under state laws and approved by both the state’s Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. A non-profit corporation (also called...Dec 9, 2013 | Corporate Glossary, Glossary
A business enterprise entered into for profit which is owned by more than one person, each of whom is a “partner.” A partnership may be created by a formal written agreement, but may be based on an oral agreement or just a handshake. Each partner invests a...