Business Incorporation Records Glossary

Business incorporation records document the legal formation of companies and partnerships. These records can reveal occupations, financial activity, associates, and community standing, and often include specialized legal and business terminology.

TermDefinition
Articles of IncorporationLegal document establishing a corporation.
AssetsProperty or resources owned by business.
Board of DirectorsGroup managing corporate decisions.
BylawsRules governing operation of corporation.
CapitalFunds invested in business.
CharterOfficial authorization to operate as corporation.
CorporationLegal entity separate from its owners.
DirectorPerson responsible for corporate governance.
DissolutionLegal termination of corporation.
DividendDistribution of profits to shareholders.
IncorporatorPerson filing to create corporation.
IncorporationLegal process of forming a corporation.
LiabilityLegal responsibility for debts or obligations.
Limited LiabilityProtection of personal assets from business debts.
MinutesOfficial record of corporate meetings.
OfficerIndividual holding executive position in corporation.
PartnershipBusiness owned by two or more individuals.
Registered AgentPerson authorized to receive legal documents.
ShareholderOwner of shares in corporation.
StockOwnership units in corporation.
Stock CertificateDocument proving ownership of shares.
SubscriptionAgreement to purchase shares.
TreasurerOfficer responsible for financial management.
SecretaryOfficer maintaining corporate records.
FranchiseRight granted to operate business under specific terms.
Trade NameName under which business operates.
LicenseAuthorization to conduct business.
FilingSubmission of documents to government office.
Corporate SealOfficial stamp of corporation.
Annual ReportYearly filing detailing business status.
QuorumMinimum number required for official decisions.
AmendmentChange to corporate documents.
Articles of AmendmentFiling updating incorporation details.
Certificate of Good StandingProof business complies with regulations.
Authorized SharesMaximum number of shares corporation may issue.
Issued SharesShares actually distributed to owners.
Capital StockTotal shares representing ownership.
Incorporation DateDate corporation legally formed.
Principal OfficeMain location of business operations.

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