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.

Term Definition
Articles of Incorporation Legal document establishing a corporation.
Assets Property or resources owned by business.
Board of Directors Group managing corporate decisions.
Bylaws Rules governing operation of corporation.
Capital Funds invested in business.
Charter Official authorization to operate as corporation.
Corporation Legal entity separate from its owners.
Director Person responsible for corporate governance.
Dissolution Legal termination of corporation.
Dividend Distribution of profits to shareholders.
Incorporator Person filing to create corporation.
Incorporation Legal process of forming a corporation.
Liability Legal responsibility for debts or obligations.
Limited Liability Protection of personal assets from business debts.
Minutes Official record of corporate meetings.
Officer Individual holding executive position in corporation.
Partnership Business owned by two or more individuals.
Registered Agent Person authorized to receive legal documents.
Shareholder Owner of shares in corporation.
Stock Ownership units in corporation.
Stock Certificate Document proving ownership of shares.
Subscription Agreement to purchase shares.
Treasurer Officer responsible for financial management.
Secretary Officer maintaining corporate records.
Franchise Right granted to operate business under specific terms.
Trade Name Name under which business operates.
License Authorization to conduct business.
Filing Submission of documents to government office.
Corporate Seal Official stamp of corporation.
Annual Report Yearly filing detailing business status.
Quorum Minimum number required for official decisions.
Amendment Change to corporate documents.
Articles of Amendment Filing updating incorporation details.
Certificate of Good Standing Proof business complies with regulations.
Authorized Shares Maximum number of shares corporation may issue.
Issued Shares Shares actually distributed to owners.
Capital Stock Total shares representing ownership.
Incorporation Date Date corporation legally formed.
Principal Office Main location of business operations.

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