​In the absence of express constitutional, statutory, or other provisions, the corporation has no implied powers.

Express powers of a corporation can be found in state corporation statutes, as well as other documents.

The franchise agreement may specify whether the premises for the business must be leased or purchased outright.

A foreign corporation normally does not need a certificate of authority to sell goods or services via the Internet.

Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Integrated is

Data Analytics, LLC, is a limited liability company. Unless the articles of organization specify otherwise, it will most likely be assumed that the firm is

The franchise agreement may specify whether the premises for the business must be leased or purchased outright.

Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Integrated is

In a limited partnership, limited partners do not have the same rights as general partners to participate in management.

In a limited liability company, the management may consist of members or nonmembers, but not both.