Harvard Business Services, Inc. specializes in forming Delaware companies and providing low-cost Registered Agent services. We take pride in delivering fast, impressive service to all our customers. Our experienced and knowledgeable staff will guide you through our seamless formation process. Whether you're forming your first company or your fifth, you'll appreciate our professionalism, low prices and lifetime customer service. We are always here for you; if you need help, just let us know and our friendly, professional staff will assist you. Harvard Business Services, Inc. makes the business formation process easy, so you can focus on growing your company.
Richard H. (Rick) Bell, II
Chairman & CEO
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If you're getting ready to launch a new business, chances are you know your product or service and your market like the back of your hand. But the mechanics of forming a business entity—knowing the terminology—may be more difficult to understand.
To help you sort through the terminology, Harvard Business Services, Inc. has included a comprehensive glossary to help guide you. To use the glossary, match the first letter of the term you want to look up with the alphabet list below, and click on that letter.
Of course, our team of business formation professionals is standing by to help you make informed decisions if you need more information.
General Partner -The partner in a limited partnership or general partnership that manages the daily business operations and therefore is responsible for the business debts. A general partner can be an individual or an entity.
Good Standing -The status of being current with all franchise taxes, filings, and registered agent services. To learn more about the Certificate of Good Standing, please, visit The HBS Blog.
Or order a Certificate of Good Standing instead.
Governing Instrument -The private agreement created by a grantor of a trust that governs the operations of the trust and the rights and responsibilities of the trustees and beneficiaries.
Gross Assets -The sum total of all assets of an entity, before deducting any expenses or taxes.