Discover full dictionary
Change Library :
Close Corporation Meaning In Bengali
Close Corporation শব্দের বাংলা অর্থ কি: বন্ধ কর্পোরেশন
Close Corporation
Definition
1) A close corporation is a type of corporation that has a limited number of shareholders, often family members or individuals closely associated with the business, and typically operates with a more personalized and hands-on management style.
2) In legal terms, a close corporation is a corporation whose shares are not publicly traded on a stock exchange and have restrictions on their transferability, allowing the shareholders to maintain control over who can become a part of the corporation.
3) Close corporation can also refer to a small business entity that is operated similarly to a partnership, with the shareholders actively involved in the day-to-day operations and decision-making processes.
Examples
Close Corporation Example in a sentence
1) John and his brother run a close corporation together.
2) A close corporation allows for shared ownership among a small group of stakeholders.
3) The business operates as a close corporation, limiting the number of shareholders.
4) Jane and her two business partners formed a close corporation last year.
5) The shareholders of a close corporation have more control over decision-making.
6) The advantages of a close corporation include less regulatory requirements.
7) David's family owns a close corporation that has been passed down for generations.
8) Lisa decided to convert her business into a close corporation for tax benefits.
9) A close corporation offers greater privacy for shareholders than a public company.
10) Jim and his friends started a close corporation to pursue their shared business goals.
Synonyms
Encyclopedia
A close corporation is a type of corporation that has a limited number of shareholders, often family members or individuals closely associated with the business, and typically operates with a more personalized and hands-on management style.
In legal terms, a close corporation is a corporation whose shares are not publicly traded on a stock exchange and have restrictions on their transferability, allowing the shareholders to maintain control over who can become a part of the corporation.
Close corporation can also refer to a small business entity that is operated similarly to a partnership, with the shareholders actively involved in the day-to-day operations and decision-making processes.
# Over 2,50,000+ words