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Close Corporation
November 24, 2017
A more restrictive form of corporation. Close Corporations are normally limited in the number of share holders, and have first right of refusal with regard to the sale of stock. Exact specifications vary by jurisdiction. Not all state statutes provide for a close corporation provision.
A more restrictive form of corporation. Close Corporations are normally limited in the number of share holders, and have first right of refusal with regard to the sale of stock. Exact specifications vary by jurisdiction. Not all state statutes provide for a close corporation provision.