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What is the Characteristics of Conglomerate corporation?
features of conglomerate
What does absolve the corporation mean?
Close down
What are the characteristics of a public corporation?
Public corporations issue securities
Can a close corporation invoke the right of access to information?
i dont know hence i posed the question myself
Characteristics of a corporation?
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.
In business what is a 'close' corporation?
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.
If the stockholders are few in numbers the corporation is referred?
A "close corporation"
What is the Characteristics of Conglomerate corporation?
features of conglomerate
What does unlimited continuity mean?
A close corporation has unlimited continuity. This means that it will continue to exist regardless of changes in the composition of the members.
What is close corporation?
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.
What are examples of close corporation?
Sabc
What does absolve the corporation mean?
Close down
What are the characteristics of a public corporation?
Public corporations issue securities
Is BA Finance Corporation is already close?
Yes
Implications of converting close corporation to a company?
yes
What are the owners of a close corporation called?
The owners of a close corporation are typically referred to as "shareholders" or "members," depending on the jurisdiction and the specific structure of the corporation. In a close corporation, ownership is usually limited to a small group of individuals, allowing for more control and flexibility in management. These owners often have a more direct role in the operation of the business compared to those in larger corporations.
Is Mc Donalds a close corporation?
No it is still continuing and has not failed
