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Directors must engage in self-dealing.

The articles of incorporation serve as a primary source of authority for a corporation’s business functions.

Publicly held corporations typically create committees of directors and delegate certain tasks to these committees.

Publicly held corporations typically create committees of directors and delegate certain tasks to these committees.

A sole proprietorship offers less flexibility than does a partnership or a corporation.

Directors must engage in self-dealing.

A franchisor can mandate retail prices for the goods that a franchisee sells.

Members of a limited liability company can stipulate in their operating agreement provisions relating to dissolution.

A limited liability partnership must be formed in compliance with state statutes.

The U.S. Postal Service is a public corporation.