Articles of incorporation document filled with that

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articles of incorporation-document filled with that state that sets the process of incorporation in motion including the corporations name, purpose, HQ, amount of stock,etc.Business Judgment Rule- a principal that protects corporate officers and directors from liability when they have made an unwise decision that results in a loss to the corporation, but they haveacted in good faith, and no private financial self-interests, and used diligence to require the bestinformation related to the decision Bonds-debt money issued to a corporation by the general public with a promise to pay the bond holders back at a specific time and rate Equity-corporations turning to private investors to receive modest amounts of funding Venture Capital Firm- funding provided by a group of professional investors for use in a developing business (mainly focused on the healthcare industry)Corporate Veil-liability protection offered to shareholders, directors, and officers, that insulates them from personal liability in the event of a mishap in the corporation Double Taxation: taxation that occurs for C Corporations(legal, taxable, entities)1.at the corporate level, when income is earned by the corporation2.at the individual level, when it is distributed as a dividend to the share holder S Corps. (Subchapter Corporations): not subject to tax at an entity level taxable income or loss of the business operated by the entity flows through the entity’s share holders

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