Answer to Question #214583 in American Law for Nosipho Pretty

Question #214583
Advise on the advantages of the close corporation as a business form.
1
Expert's answer
2021-07-08T13:59:02-0400

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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