Glossary

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

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Tax

A governmental levy on income, such as income tax, or privileges, such as franchise tax.

 

Transfer Ledger

Same as “Stock Transfer Ledger.”

 

Treasury Shares

Shares that were issued by a Corporation, and then later reacquired by the Corporation so as to increase the market value of traded shares.

 

Trustees

Individuals or entities appointed by a Governing Instrument to manage and invest the trust assets.

 

Trusts

Mechanism wherein assets can be removed from a personal estate in order to preserve them from attack or high taxation.

 

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