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LSDefine

Simple English definitions for legal terms

controlled company

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A quick definition of controlled company:

A controlled company is a type of business that is owned and controlled by a person or group who owns most of the company's voting stock. This means that the person or group has a lot of power in making decisions for the company. Other types of companies include those that insure against losses caused by third parties, those that hold and manage diverse assets, and those that examine real estate titles and issue title insurance.

A more thorough explanation:

A controlled company is a type of company that is under the control of an individual, group, or corporation that owns most of the company's voting stock. This means that the controlling entity has the power to make important decisions for the company, such as electing the board of directors and approving major business transactions.

For example, if a corporation owns 80% of the voting stock in a company, it is considered a controlled company because it has the power to make decisions for the company.

Another example is a family-owned business where one family member owns a majority of the voting stock and therefore has control over the company's decisions.

Controlled companies can be beneficial for the controlling entity because they can make decisions that benefit their own interests without having to consider the opinions of other shareholders. However, this can also lead to conflicts of interest and potential abuse of power.

contributory pension plan | controlled corporate groups

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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