An affiliated company refers to a business entity wherein one company owns less than a majority of the voting stock of the other, or both entities are subsidiaries of a third company. In banking, it involves organizations that a bank owns or controls through stock holdings, or where the bank's shareholders and officers hold significant control or interlocking directorships.
Articles of Incorporation, also known as a corporate charter, are a set of formal documents filed with a government body to legally document the creation of a corporation in the United States.
A constituent company is a firm that is part of a group of affiliated, merged, or consolidated corporations. These companies work together, often sharing resources and strategies, to achieve mutual corporate goals.
A dummy refers to an individual or entity that stands in place of the principal to a transaction, sometimes used to avoid personal liability.
Views of the future that inform consumer, investor, business, and government decisions. Various factors can affect expectations and thereby impact the value of financial assets and business entities.
Foreign companies are corporations or businesses that are registered, operate, or have authorization to conduct commercial activities in a country other than their country of origin. These entities are important players in the global economy and international trade.
Income splitting involves distributing income among family members, trusts, or various business entities to potentially benefit from lower tax rates or threshold amounts. This practice is commonly associated with filing joint returns for married couples but can also include giving income property to children or utilizing multiple trusts or business structures.
An organization is a structured entity comprising roles and responsibilities designed to achieve predetermined objectives. Organizations encompass a wide range of areas, including private businesses, government agencies, non-profits, and more. In the twentieth century, organizations have expanded significantly in size and scope, adapting to the complex demands of modern economies and society.
S.A. refers to a corporate structure commonly used in Spanish-speaking and French-speaking countries. It is equivalent to a corporation (Inc.) in the United States or a public limited company (PLC) in the United Kingdom.
Società per Azioni (SPA) is the Italian term for a corporation. It is a common legal form for medium and large enterprises in Italy, similar to a public limited company in other jurisdictions.
A taxable person includes individuals, partnerships, limited companies, clubs, associations, or charities as defined by value-added tax (VAT) legislation. These entities are responsible for charging VAT on taxable supplies made in the course of conducting their business.
