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Close Corporation major features:
- A close corp is a legal entity
- Audited financial statements are not required
- Meetings are not compulsory and can be held on an ad hoc basis
- May become shareholders in other companies
- All members may take part in management
- The proprietor or member is not personally liable for the debts
- The legal procedures for registration and administration of closed corp are kept relatively simple
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∙ 13y ago
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How do plate tectonics result in the development of earths major geologic features?
No movement
Major land features in Vietnam?
the physical features of southeast Asia are how the parts of is function the main spots main waters main oceans rivers many things
Is this true or false The movement of the North America plate and the Nasca plate produced California's major geological features?
false
What are two major geologic features produce near a plate boundary where subduction occurs?
volcanic activity and growing mountain ranges
Should you close all doors and windows to a house during a major thunder storm?
Yes, I think that's a no-brainer.
Characteristics of close corporation?
characteristics of close corporation
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.
Examples of a corporation?
general corporation Close corporation Limited Liability Corporation
Which of these is a major advantage of a corporation?
Limited liability is a major advantage of a corporation.
The structure and features of the corporation?
Tas
What is a major advantage of a corporation?
A major advantage of a corporation is the limited liability of the owners. When a stockholder dies, the corporation is not dissolved.
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
