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Wulf v. Bravo Brio Restaurant Group, Inc.

Case where Roland Wulf alleged negligence after falling at a restaurant, which led to a court case about identification of the waitress.

Respondeat superior

Doctrine holding an employer liable for the negligent actions of an employee carried out in the course of their employment.

Double Taxation

Taxation of corporate profits at both the corporate level and again when distributed as dividends to shareholders.

Limited Liability

Legal principle that protects shareholders from being personally liable for the debts of the corporation.

Incorporation Process

Steps necessary to form a corporation, including selecting a state, choosing a name, and filing Articles of Incorporation.

S Corporations

Corporations that allow for pass-through taxation and have a limit of 100 shareholders, all of whom must be U.S. residents.

Piercing the Corporate Veil

Legal concept where courts hold shareholders personally liable when the corporate form is misused.

Common Stock

Type of equity security that entitles shareholders to voting rights and profit potential, with the least priority in asset distribution if dissolved.

Venture Capital

Funding from private investors aimed at startups and small businesses, usually in exchange for equity.

Ultra Vires Doctrine

Legal doctrine that limits actions taken by a corporation that are beyond its powers as defined by law or its own articles.