Legal Vocabulary

#501

Business entity

Example sentences

1. The business entity entered a new business arrangement.
2. The law limited some risks for the business entity.
3. The owners reviewed the duties of the business entity.

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#502

Sole proprietorship

Example sentences

1. The sole proprietorship signed an agreement with another business.
2. The sole proprietorship kept clear financial records.
3. A lawyer explained the legal duties of the sole proprietorship.

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#503

Partnership

Example sentences

1. The partnership hired a lawyer for business advice.
2. The partnership followed its internal rules.
3. The records showed how the partnership was managed.

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#504

General partnership

Example sentences

1. The general partnership entered a new business arrangement.
2. The law limited some risks for the general partnership.
3. The owners reviewed the duties of the general partnership.

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#505

Limited partnership

Example sentences

1. The limited partnership signed an agreement with another business.
2. The limited partnership kept clear financial records.
3. A lawyer explained the legal duties of the limited partnership.

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#506

Limited liability partnership

Example sentences

1. The limited liability partnership hired a lawyer for business advice.
2. The limited liability partnership followed its internal rules.
3. The records showed how the limited liability partnership was managed.

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#507

Limited liability company

Example sentences

1. The limited liability company entered a new business arrangement.
2. The law limited some risks for the limited liability company.
3. The owners reviewed the duties of the limited liability company.

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#508

Corporation

Example sentences

1. The corporation signed an agreement with another business.
2. The corporation kept clear financial records.
3. A lawyer explained the legal duties of the corporation.

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#509

Nonprofit corporation

Example sentences

1. The nonprofit corporation hired a lawyer for business advice.
2. The nonprofit corporation followed its internal rules.
3. The records showed how the nonprofit corporation was managed.

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#510

Public corporation

Example sentences

1. The public corporation entered a new business arrangement.
2. The law limited some risks for the public corporation.
3. The owners reviewed the duties of the public corporation.

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#511

Private company

Example sentences

1. The private company signed an agreement with another business.
2. The private company kept clear financial records.
3. A lawyer explained the legal duties of the private company.

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#512

Parent company

Example sentences

1. The parent company hired a lawyer for business advice.
2. The parent company followed its internal rules.
3. The records showed how the parent company was managed.

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#513

Subsidiary

Example sentences

1. The subsidiary entered a new business arrangement.
2. The law limited some risks for the subsidiary.
3. The owners reviewed the duties of the subsidiary.

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#514

Affiliate

Example sentences

1. The affiliate signed an agreement with another business.
2. The affiliate kept clear financial records.
3. A lawyer explained the legal duties of the affiliate.

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#515

Shareholder

Example sentences

1. The shareholder asked for legal advice about the company.
2. The law required the shareholder to act honestly.
3. The report described the actions of the shareholder.

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#516

Stockholder

Example sentences

1. The stockholder took part in an important business decision.
2. The agreement stated the powers of the stockholder.
3. The stockholder kept clear records of the decision.

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#517

Director

Example sentences

1. The director attended the company meeting.
2. The lawyer explained the duties of the director.
3. The director reviewed the business records carefully.

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#518

Board of directors

Example sentences

1. The Board of directors had an important role in the legal matter.
2. The lawyer contacted the Board of directors for official information.
3. The Board of directors followed the rules that applied to it.

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#519

Officer

Example sentences

1. The officer took part in an important business decision.
2. The agreement stated the powers of the officer.
3. The officer kept clear records of the decision.

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#520

Fiduciary duty

Example sentences

1. The company asked a lawyer about issues related to fiduciary duty.
2. The board discussed the legal effect of fiduciary duty.
3. The business records included information about fiduciary duty.

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