Glossary of legal terms
A useful tool for understanding legal language and terminologies specific to notarial law- Glossary Studio Nosari
Clarifications and definitions for your legal journey
Membership Fee
A membership interest represents a member’s stake in a limited liability company. It is not just a percentage. It … Continue reading “Membership Fee”
Articles of Incorporation
The articles of incorporation are the document that formally establishes a company. In the context of notarial practice, it … Continue reading “Articles of Incorporation”
Articles of Incorporation: The Rules That Shape the Company
The articles of incorporation are the document that sets forth the fundamental rules governing the operation of a corporation. … Continue reading “Articles of Incorporation: The Rules That Shape the Company”
Corporate Purpose: What a Company Can Do
The corporate purpose is the section of the articles of incorporation that legally defines the activities a company may engage … Continue reading “Corporate Purpose: What a Company Can Do”
Share Capital
Share capital is one of the first pieces of information that appears when a company is incorporated. In everyday … Continue reading “Share Capital”
Limited Liability Company
A limited liability company, often abbreviated as SRL, is one of the most commonly used corporate structures for conducting business … Continue reading “Limited Liability Company”
Value
In common parlance, value is often associated with price. In the notarial context, however, value does not simply coincide … Continue reading “Value”
Right of Use
The person who uses a property does not always own it Indicate what a property is legally used for: dwelling, … Continue reading “Right of Use”
Intended Use
It indicates what a property is legally used for: housing, student residence, accommodation facility, public service. Changing it is not … Continue reading “Intended Use”
Temporary structure
Temporary does not mean unregulated. It means that the duration is defined, as are the obligations for dismantling, restoration and … Continue reading “Temporary structure”
