Answer to Question #186186 in Law for Bornface Kandunda

Question #186186

List the rules that govern payments to members of a Close Corporation.


1
Expert's answer
2021-05-07T11:57:02-0400

A Close Corporation may have a minimum of one member or a maximum of 10 members. However there are no limitations in respect of the number of employees in a Close Corporation. If a member of a Close Corporation (CC) is under 21, the registration document must be signed by a parent or guardian.


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