§ 167.20 Establishments requiring registration

Terms Used In CFR > Title 40 > Chapter I > Subchapter E > Part 167 > Subpart B - Registration Requirements

  • 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.