answersLogoWhite

0


Best Answer

Minimum of one. maximum of ten.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How many members in a close corporation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many members in close corporation?

a minimum of one. a maximum of ten


What does unlimited continuity mean?

A close corporation has unlimited continuity. This means that it will continue to exist regardless of changes in the composition of the members.


Can a close corporation purchase a members interest at the death of said member?

yes


Characteristics of close corporation?

characteristics of close corporation


In business what is a 'close' corporation?

A "Close Corporation" is generally a smaller corporation that elects close corporation status and is entitled to operate without strict formalities. It has more of a relaxed environment.


If the stockholders are few in numbers the corporation is referred?

A "close corporation"


What are the major features of a close corporation?

A close corporation typically has a limited number of shareholders, often family members or close associates, who have a more active role in managing the company. Share transfer restrictions are common, allowing existing shareholders to maintain control. Close corporations often operate with less formalities and paperwork compared to larger corporations.


Does the corporation of commission have 5 elected members?

Yes. The Arizona Corporation Commission has five members, each elected to four-year terms.


What is close corporation?

A close corporation refers to a corporation that has been exempted from some of the formal rules that govern corporations. They are usually exempted from these rules because of the small number of shareholders that they have.


What are examples of close corporation?

Sabc


Who elected the board members for a stock corporation?

stockholders


Who elects the board members for stock corporation?

stockholders