Respuesta :
Features of a close corporation:-
- Designed for a small, cohesive organization.
- Confined to no greater than 30 shareholders.
- Organization can not emerge as publicly traded.
- Removes control by means of a Board of directors.
- Shareholders expect the duties of the directors and immediately manage the agency.
A corporation is a business enterprise—commonly a group of humans or an organization—legal through the state to behave as an unmarried entity and diagnosed as such in law for certain purposes. Early incorporated entities were hooked up by way of constitution. Maximum jurisdictions now permit the creation of latest corporations via registration.
A company is a business entity that is owned with the aid of its shareholder(s), who decide on a board of directors to oversee the business enterprise's sports. The organisation is accountable for the moves and price range of the commercial enterprise – the shareholders are not.
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