19Chapter 2 - Law of Business Entities
acquisition
Erwerb
gaining of ownership, e.g. of one business entity over another
cf. "ownership" and "property" in Chapter 5
(to) acquire - erwerben
to gain ownership
affidavit
eidesstattliche Erklärung*; eidesstättige Erklärung* (Ö)
a "written oath" that may be used as evidence in court proceedings
cf. "representation" , "oath" in Chapter 9
affiliate, affiliated company, associated company
Beteiligungsgesellschaft
a company that has between 20-50% of its shares owned or controlled by another company
cf. "subsidiary"
articles of association (UK)
Geschäftsordnung; ergänzende Satzungsurkunde, die das Innenverhältnis regelt
cf. "by-laws"
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articles (of incorporation) (US), memorandum (of association) (UK)
das Außenverhältnis regelnde(r) Gesellschaftsvertrag/Satzung einer Kapitalgesellschaft
certain documents that need to be filed with the competent government authority in order to validly create a corporation and that disclose certain basic facts about a corporation and regulate its affairs
cf. "by-laws" and "incorporation" , PG 1 II.A, p. 94 and II.B, p. 99
(to) incorporate - eine Kapitalgesellschaft gründen/eintragen lassen
to bring a corporation into legal existence
assets
Vermögenswerte, Aktiva
the sum of a person's or entity's rights and property
cf. "property" in Chapter 5
asset protection - Vermögensschutz
a strategy aimed at systematically protecting one's assets
association
Vereinigung, Verband, Verein*
a formally connected group of persons or entities who share a common interest or goal
cf. "articles (of incorporation)" , "by-laws"
(to) associate - sich vereinigen/verbinden, miteinander verkehren
to formally connect with other persons or entities
at a discount
unter Nennwert, mit Abschlag/Verlust
below the nominal value
cf. "face value"
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at a premium
über Nennwert, mit Aufschlag/Gewinn
above the nominal value
cf. "face value"
audit
Prüfung, Finanzprüfung, Abschlussprüfung*
an official examination of financial accounts and documents
cf. "balance sheet"
auditor - Finanzprüfer:in, Abschlussprüfer:in*
an independent expert that must be appointed to check the annual financial statements if certain criteria are met
balance sheet
Bilanz (eines Unternehmens)
a document that compares the corporation's assets and liabilities
cf. "balance sheet test" in Chapter 18
board
Gremium, Beratungsorgan, Entscheidungsorgan, Aufsichtsorgan
a body for consultation and/or decision-making
cf. "body"
managing board, executive board, board of directors - Vorstand*, Geschäftsführung*, Management
the corporate board that handles the day-to-day business of a corporation and are often chaired by a CEO
supervisory board* - Aufsichtsrat
a corporate board that checks on the management's conduct
advisory board - Beirat
22a corporate board that typically provides non-binding advice
body (of a corporation), corporate body
Organ* (einer Gesellschaft)
positions and boards of a corporation needed for it to carry out its functions and represent it to the outside world
,
cf. "articles (of incorporation)" , "by-laws" and "representation"
business enterprise
Unternehmen*
an organization created to run a business
business entity
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