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LSDefine

Simple English definitions for legal terms

controlled company

Read a random definition: ministri regis

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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