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.