CFR > Title 40 > Chapter I > Subchapter I > Part 241 > Subpart A – General
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§ 241.1 | Purpose |
§ 241.2 | Definitions |
Terms Used In CFR > Title 40 > Chapter I > Subchapter I > Part 241 > Subpart A - General
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.