Glossary Terms

A | B | C | D | E | F | G | H | I | L | M | N | O | P | Q | R | S | T | U | V
Secretary of State

The State official and agency responsible for business formations.

Service of Process

Time-sensitive documents, such as lawsuits and subpoenas, served upon a registered agent on behalf of a client that typically requires a response by the client.


A unit of ownership, or quity, interest in a Corporation.


One who has title to a share, and, therefore, ownership or equity in a Corporation.

Sole Proprietor

An individual who operates a business under his own name, or as a DBA. No limited liability protection.

Statement of Organizer

A document created by the organizer that passes the elements of control over the LLC to the initial members.


An indicator of whether or not an entity is current with franchise taxes and other filings, as well as registered agent services.


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