Definition of Common Stock:
The primary form of capital stock of a corporation. Common Stock generally carries certain rights, such as the right to vote for the election of members of the Board of Directors and the right to receive dividends.
Today’s Question — Sunday, March 21
Must the board of directors meet and hold meetings?
The corporate protections afforded by operating your business through an LLC or corporation are typically recognized by a court if certain corporate formalities are honored, including recognizing basic corporate governance matters, such as holding regular board of directors meetings, not commingling corporate funds with those of individual stockholders or other businesses, and holding stockholder meetings.
