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  2. Corporation - Wikipedia

    en.wikipedia.org/wiki/Corporation

    In another kind of corporation, the legal document which established the corporation or which contains its current rules will determine the requirements for membership in the corporation. What these requirements are depends on the kind of corporation involved. In a worker cooperative, the members are people who work for the cooperative.

  3. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    One possible solution may be to form a new corporation and merge into it, dissolving the LLC and converting into a corporation. Many jurisdictions—including Alabama, California, Kentucky, Maryland, New York, Pennsylvania, Tennessee, and Texas—levy a franchise tax or capital values tax on LLCs. In essence, this franchise or business ...

  4. Flexible purpose corporation - Wikipedia

    en.wikipedia.org/wiki/Flexible_purpose_corporation

    A flexible purpose corporation (FPC) was a class of corporation in California lacking a profit motive when pursuing a social benefit defined in its charter. [ citation needed ] A flexible purpose corporation differed from a Benefit corporation in that it targeted for-profit entities seeking traditional capital market investment.

  5. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

  6. Social purpose corporation - Wikipedia

    en.wikipedia.org/wiki/Social_purpose_corporation

    In California, "[t]he amendment, S.B. 1301, changes existing law (found under Corporations Code Sections 2500–3503) [1] to emphasize the social-purpose nature of the flexible purpose corporations, most notably by changing its name to the "Social Purpose Corporation".

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