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Answer to Question #214583 in American Law for Nosipho Pretty
Question #214583
Advise on the advantages of the close corporation as a business form.
Expert's answer
The advantages of close corporations include;
· There are fewer formalities which must be followed in the close corporation structure. ...
· The shareholders in a close corporation have greater control of share sales. ...
· There are strong liability protections offered for shareholders. ...
· There is more freedom of management.
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#340153 on Dec 2023
#340153 on Dec 2023
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