​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.

Most franchise contracts provide that notice of termination must be given.

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

Instead of setting up a business to market her own products, Rita considers entering into a distributorship franchise with Sports Equipment Corporation. This involves the transfer of

In most states, a limited liability company must have at least two members.

Ann is a corporate officer for Blooming Flora, Inc. As a corporate officer, Ann is

Carl starts up, and assumes the financial risk of, DataWorks, a new Web marketing enterprise. Carl and DataWorks must meet legal requirements relating to​

Instead of setting up a business to market her own products, Rita considers entering into a distributorship franchise with Sports Equipment Corporation. This involves the transfer of

Since stock is intangible personal property, the ownership right to stock exists independently of a stock certificate.