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Good standing. A person or organization in good standing is regarded as having no financial obligations. [1][2] A business entity that is in good standing has unabated powers to conduct its activities, which can include business endeavors. [3] Similarly, a person who is in good standing within an organization or educational institution may take ...
t. e. A limited liability company (LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of ...
The Massachusetts State House, also known as the Massachusetts Statehouse or the New State House, is the state capitol and seat of government for the Commonwealth of Massachusetts, located in the Beacon Hill [ 3 ][ 4 ] neighborhood of Boston. The building houses the Massachusetts General Court (state legislature) and the offices of the Governor ...
A corporation is capable of continuing indefinitely. Its existence is not affected by the death of shareholders, directors, or officers of the corporation. Ownership in a Corp. or LLC is easily transferable to others, either in whole or in part. Some state laws are particularly corporate-friendly.
John Adams Courthouse, home to the SJC. The Massachusetts Supreme Judicial Court (SJC) is the highest court in the Commonwealth of Massachusetts.Although the claim is disputed by the Supreme Court of Pennsylvania, [1] [2] the SJC claims the distinction of being the oldest continuously functioning appellate court in the Americas, [3] with a recognized history dating to the establishment of the ...
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Certificate of incorporation. A certificate of incorporation is a legal document/license relating to the formation of a company or corporation. It is a license to form a corporation issued by the state government or, in some jurisdictions, by a non-governmental entity/corporation. [1] Its precise meaning depends upon the legal system in which ...
Massachusetts' top court on Friday ruled that a would-be bride must return a $70,000 engagement ring from Tiffany & Co to her former fiancé in a decision that ended 65 years of courts in the New ...