Business Formation Glossary — Key Terms Defined

Comprehensive glossary of business formation terms: LLC, C-Corp, EIN, registered agent, franchise tax, cap table, and 50+ essential concepts explained clearly.

AI & Technology

• AI Agent — What is AI Agent? Definition, requirements, and how it applies to your business formation.
• Beneficial Ownership Information (BOI) — What is Beneficial Ownership Information? Definition, requirements, and how it applies to your business formation.
• Double Taxation — What is Double Taxation? Definition, requirements, and how it applies to your business formation.
• Incorporation — What is Incorporation? Definition, requirements, and how it applies to your business formation.
• Model Context Protocol (MCP) — What is Model Context Protocol? Definition, requirements, and how it applies to your business formation.

Banking & Operations

• Agent-Native Banking — What is Agent-Native Banking? Definition, requirements, and how it applies to your business formation.
• Beneficial Ownership — What is Beneficial Ownership? Definition, requirements, and how it applies to your business formation.
• Business Bank Account — What is Business Bank Account? Definition, requirements, and how it applies to your business formation.
• Business Dissolution — What is Dissolution? Definition, requirements, and how it applies to your business formation.
• Good Standing Status — What is Good Standing? Definition, requirements, and how it applies to your business formation.
• Model Context Protocol — What is MCP? Definition, requirements, and how it applies to your business formation.
• Piercing the Corporate Veil — What is Piercing the Corporate Veil? Definition, requirements, and how it applies to your business formation.

Compliance & Governance

• Assumed Name Certificate — What is Assumed Name Certificate? Definition, requirements, and how it applies to your business formation.
• Business License — What is Business License? Definition, requirements, and how it applies to your business formation.
• Business Compliance — What is Compliance? Definition, requirements, and how it applies to your business formation.
• Corporate Minutes — What is Corporate Minutes? Definition, requirements, and how it applies to your business formation.
• Incorporator — What is Incorporator? Definition, requirements, and how it applies to your business formation.
• Business Name Availability — What is Name Availability? Definition, requirements, and how it applies to your business formation.
• Business Name Reservation — What is Name Reservation? Definition, requirements, and how it applies to your business formation.

Entity Types

• C Corporation — What is C-Corp? Definition, requirements, and how it applies to your business formation.
• Doing Business As — What is DBA? Definition, requirements, and how it applies to your business formation.
• Foreign Qualification — What is Foreign Qualification? Definition, requirements, and how it applies to your business formation.
• Limited Liability Partnership (LLP) — What is Limited Liability Partnership? Definition, requirements, and how it applies to your business formation.
• Limited Liability Company — What is LLC? Definition, requirements, and how it applies to your business formation.
• Nonprofit Corporation — What is Nonprofit Corporation? Definition, requirements, and how it applies to your business formation.
• Professional Limited Liability Company (PLLC) — What is Professional LLC? Definition, requirements, and how it applies to your business formation.
• S Corporation — What is S-Corp? Definition, requirements, and how it applies to your business formation.
• Series Limited Liability Company — What is Series LLC? Definition, requirements, and how it applies to your business formation.
• Sole Proprietorship — What is Sole Proprietorship? Definition, requirements, and how it applies to your business formation.

Formation Documents

• Articles of Incorporation — What is Articles of Incorporation? Definition, requirements, and how it applies to your business formation.
• Articles of Organization — What is Articles of Organization? Definition, requirements, and how it applies to your business formation.
• Certificate of Formation — What is Certificate of Formation? Definition, requirements, and how it applies to your business formation.
• Certificate of Good Standing — What is Certificate of Good Standing? Definition, requirements, and how it applies to your business formation.
• Corporate Bylaws — What is Corporate Bylaws? Definition, requirements, and how it applies to your business formation.
• Employer Identification Number — What is EIN? Definition, requirements, and how it applies to your business formation.
• LLC Operating Agreement — What is Operating Agreement? Definition, requirements, and how it applies to your business formation.
• Registered Agent — What is Registered Agent? Definition, requirements, and how it applies to your business formation.

Startup & Fundraising

• Authorized Shares — What is Authorized Shares? Definition, requirements, and how it applies to your business formation.
• Capitalization Table — What is Cap Table? Definition, requirements, and how it applies to your business formation.
• Convertible Note — What is Convertible Note? Definition, requirements, and how it applies to your business formation.
• Par Value — What is Par Value? Definition, requirements, and how it applies to your business formation.
• Preferred Stock — What is Preferred Stock? Definition, requirements, and how it applies to your business formation.
• Simple Agreement for Future Equity — What is SAFE Agreement? Definition, requirements, and how it applies to your business formation.
• Stock Options — What is Stock Options? Definition, requirements, and how it applies to your business formation.
• Vesting Schedule — What is Vesting Schedule? Definition, requirements, and how it applies to your business formation.

Tax & Compliance

• 83(b) Election — What is 83(b) Election? Definition, requirements, and how it applies to your business formation.
• Administrative Dissolution — What is Administrative Dissolution? Definition, requirements, and how it applies to your business formation.
• Annual Report Filing — What is Annual Report? Definition, requirements, and how it applies to your business formation.
• Beneficial Ownership Information Report — What is BOI Report? Definition, requirements, and how it applies to your business formation.
• Delaware Franchise Tax — What is Delaware Franchise Tax? Definition, requirements, and how it applies to your business formation.
• IRS Form 2553 — What is Form 2553? Definition, requirements, and how it applies to your business formation.
• Franchise Tax — What is Franchise Tax? Definition, requirements, and how it applies to your business formation.
• Pass-Through Taxation — What is Pass-Through Taxation? Definition, requirements, and how it applies to your business formation.
• Quarterly Estimated Tax Payments — What is Quarterly Estimated Tax? Definition, requirements, and how it applies to your business formation.
• Self-Employment Tax — What is Self-Employment Tax? Definition, requirements, and how it applies to your business formation.