Money Market Financial markets in which short-term debt instruments such as Treasury bills, commercial paper and CD's are traded. The name of a corporation or LLC must be distinguishable on the records of the state government. A name can be reserved, usually for 120 days, by applying with the proper state authorities and paying a fee. Net Income Profit after all expenditures have been deducted from the revenue. Net Worth Excess of total assets over total liabilities as reported in a company's balance sheet.
Most states allow no-par stock.
If the stock is no-par stock then the amount of stated capital is an arbitrary amount assigned by the board of directors. Further, the value of capital for franchise tax purposes is determined by the state and this may result in higher franchise taxes in comparison with low par-value stock. Written promise made by one individual to another to pay a specific amount on demand or by a definite date. Note Receivable Written promise by another party to make payment to you at a specified date. These corporations receive special tax treatment.