Dividends can be paid in the stock of corporations other than the corporation that is paying the dividends.

The articles of incorporation serve as a primary source of authority for a corporation’s business functions.

A sole proprietorship offers less flexibility than does a partnership or a corporation.

Publicly held corporations typically create committees of directors and delegate certain tasks to these committees.

The articles of incorporation serve as a primary source of authority for a corporation’s business functions.

In determining whether a franchisor acted in good faith when terminating a franchise agreement, a court will attempt to balance the rights of both parties.

Members of a limited liability company can stipulate in their operating agreement provisions relating to dissolution.

The franchise agreement is likely to set out standards for the franchise.

Members of a limited liability company can stipulate in their operating agreement provisions relating to dissolution.

A limited liability partnership must be formed in compliance with state statutes.