Business Law

A business structure allowed by state statute

An organization - usually a group of people or a company - authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes

A group organized for purposes other than generating profit and in which part of the organization's income is distributed to its members, directors, or officers. 

The preparation of a legal document with mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. 

A legal document between spouses before they marry concerning the ownership of their respective assets should the marriage fail.