Keyword/Phrase

Co-equally responsible

Initial company stock

Community property
Debts and obligations of the company

Formation costs
Compensation
Succession
Anti-dilution
Arbitration
Non-cumulative
Security offerings
Ownership
IPO
Perpetual term
 Explanation

The phrase co-equally responsible determines the equal responsiblities of all the co- founders.

The initial shares in the ownership of a company.

Any property which a husband and wife owns together is a community property.
Both the co-founders are equally responsible for any amount of money owed to any other enterprise/business/person and all

The expenses/costs incurred in setting up of the business or company. Also known as startup expenses.
Amount given to the employees in exchange for their work or services.
A succession clause is added in an agreement to make the agreement binding on all the successors of the co-founders of the a
An anti dilution clause is added in order to provide the company stock to the present shareholders of the company at the sam
Arbitration is a dispute resolutin process under which the dispute is submitted by agreement of the parties, to one or more of
Non-cumulative stocks are preffered stocks which does not pay the stock holder any unpaid or omitted dividends.
An investment by which a business/company raises money to fund operations, expansion, capital project, expansion, or some
The co-founders will equally own the company and all its assets, and will be equally responsible for all the profits and losses w
IPO OR Initial Public Offering is the very first sale of stock issued by a company to the public.
The company will continue to exist till eternity, unless disolved otherwise in accordance with the agreement.
 Keyword/Phrase
Unrestricted company stock
 Explanation
Unrestricted company stock may be traded or transferred freely, or in line with any governing shareholder's agreement.
 Keyword/Phrase
Corporate management
Company cash flow
Pro rata percentage ownership
Company Bylaws
Dissolution
 Explanation
Corporate management includes leading, administrating and directing a company.
The payments made and received by the company, to and from the creditors.
The amount due to each shareholder is his pro rata share.
Company bylaws define a corporation's purpose, how it will operate, and the duties and responsibilities of the people who ow
The process by which a company is brought to an end.