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.

The U.S. Postal Service is a public corporation.

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

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.

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

A partner may not have the right to dissociate from the partnership.

Diane organized, and owns and operates, Reliable Roofing, a construction outfit, in the simplest form of business organization. This is

​A director or officer must act in good faith.

In choosing a form of business organization for a new enterprise, one factor to be considered is the ability to raise capital.