characteristics of close corporation
features of conglomerate
Public corporations issue securities
Close down
i dont know hence i posed the question myself
Limited LiabilityStockholders, who are owners of the corporation, are not liable for its debts or acts. The premise of separate legal entity means that the no one represents or acts on behalf of the company as it represents itself. In instances where a corporation is being wound up, the shareholders are only liable up to the unpaid amounts of their shares.
A "Close Corporation" is generally a smaller corporation that elects close corporation status and is entitled to operate without strict formalities. It has more of a relaxed environment.
general corporation Close corporation Limited Liability Corporation
A "close corporation"
features of conglomerate
A close corporation has unlimited continuity. This means that it will continue to exist regardless of changes in the composition of the members.
A close corporation refers to a corporation that has been exempted from some of the formal rules that govern corporations. They are usually exempted from these rules because of the small number of shareholders that they have.
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Public corporations issue securities
Close down
yes
Yes
No it is still continuing and has not failed