0
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
What else can I help you with?
What is the physical and human features of Baltimore?
Baltimore, Maryland has physical features such as its harbor, which is a major seaport, and nearby Patapsco River. The city also has human features like historic neighborhoods, cultural attractions like museums and theaters, and a diverse population.
Should you close all doors and windows to a house during a major thunder storm?
It is generally recommended to close all doors and windows during a major thunderstorm to minimize the risk of lightning entering the house and to prevent damage or injury from strong winds or heavy rain.
What are major physical features in the US?
Some major physical features in the US include the Rocky Mountains, the Grand Canyon, the Great Plains, the Mississippi River, the Great Lakes, the Appalachian Mountains, and the Pacific Coastline. Each of these features contributes to the diverse geography and landscapes found in the United States.
Are major crustal features like earthquakes volcanoes mountains and trenches found randomly on earths surface or is there a pattern?
Major crustal features are not randomly distributed on Earth's surface. They are typically found along tectonic plate boundaries where the movement of the plates interacts to create geological features like earthquakes, volcanoes, mountains, and trenches. These features are a result of the dynamic processes associated with plate tectonics.
Major land features in Vietnam?
Vietnam is characterized by a diverse range of land features, including mountainous regions such as the Annamite Range and Hoang Lien Son Mountains, extensive lowlands like the Red River Delta and Mekong Delta, as well as coastal areas along the East Sea. These features contribute to Vietnam's varied landscapes and ecosystems.
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.
Which of these is a major advantage of a corporation?
Limited liability is a major advantage of a corporation.
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"
The structure and features of the corporation?
Tas
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 is the Characteristics of Conglomerate corporation?
features of conglomerate
What does absolve the corporation mean?
Close down
What is a major corporation in pa?
Hershey
