Legal Glossary for Business Owners
Understand key legal and business formation terms with our easy-to-navigate glossary.
Clarity at Every Step
Legal terms can be confusing. Our glossary breaks down common business and legal terminology in plain English so you can make informed decisions with confidence.
Articles of Organization
The official paperwork filed with your state to legally form an LLC. Sometimes called a certificate of formation.
Bylaws
A document that outlines how a corporation will operate, including roles, voting rights, and meeting rules.
EIN (Employer Identification Number)
A unique number assigned by the IRS to identify your business for tax purposes. Also known as a Federal Tax ID.
LLC (Limited Liability Company)
A flexible business structure that protects owners from personal liability while offering pass-through taxation.
Registered Agent
A person or company authorized to receive legal documents on behalf of your business. Required in all states.
S-Corporation
A special IRS tax designation that allows corporations or LLCs to avoid double taxation on corporate income.
Operating Agreement
An internal document outlining the ownership, structure, and operating procedures of an LLC.
Compliance
Ongoing legal requirements your business must meet, such as annual reports, licenses, and tax filings.
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