close corporation Antonyms

No Synonyms and anytonyms found

Meaning of close corporation

Wordnet

close corporation (n)

a corporation owned by a few people; shares have no public market

close corporation Sentence Examples

1. A close corporation, often abbreviated as "CC," is a type of business entity with a limited number of shareholders.
2. In a close corporation, shareholders typically have close relationships and may be involved in the daily operations of the company.
3. Close corporations are often family-owned businesses or small enterprises with a tight-knit group of owners.
4. Unlike publicly traded companies, close corporations are not required to disclose financial information to the public.
5. The shareholders of a close corporation usually have a say in major decisions and management matters.
6. Setting up a close corporation may offer certain tax advantages and flexibility in management structure.
7. The shareholders' liability in a close corporation is typically limited to their investment in the company.
8. Close corporations are governed by specific regulations and laws, which vary depending on the jurisdiction.
9. When establishing a close corporation, shareholders often draft a detailed shareholders' agreement to outline their rights and responsibilities.
10. Due to their intimate nature, close corporations often prioritize trust and cooperation among shareholders to ensure the success of the business.

FAQs About the word close corporation

What is the meaning of the word close corporation

a corporation owned by a few people; shares have no public market

What are the synonyms of the word close corporation

No synonyms found.

What are the antonyms of the word close corporation

No antonyms found.

What is the usage of word close corporation

A close corporation, often abbreviated as "CC," is a type of business entity with a limited number of shareholders.

In a close corporation, shareholders typically have close relationships and may be involved in the daily operations of the company.

How to use the word close corporation in a sentence?

Close corporations are often family-owned businesses or small enterprises with a tight-knit group of owners.

Unlike publicly traded companies, close corporations are not required to disclose financial information to the public.