Definition of Close corporation. Meaning of Close corporation. Synonyms of Close corporation

Here you will find one or more explanations in English for the word Close corporation. Also in the bottom left of the page several parts of wikipedia pages related to the word Close corporation and, of course, Close corporation synonyms and on the right images related to the word Close corporation.

Definition of Close corporation

Close corporation
Corporation Cor`po*ra"tion (k[^o]r`p[-o]*r[=a]"sh[u^]n), n. [L. corporatio incarnation: cf. F. corporation corporation.] A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual. Note: Corporations are aggregate or sole. Corporations aggregate consist of two or more persons united in a society, which is preserved by a succession of members, either forever or till the corporation is dissolved by the power that formed it, by the death of all its members, by surrender of its charter or franchises, or by forfeiture. Such corporations are the mayor and aldermen of cities, the head and fellows of a college, the dean and chapter of a cathedral church, the stockholders of a bank or insurance company, etc. A corporation sole consists of a single person, who is made a body corporate and politic, in order to give him some legal capacities, and especially that of succession, which as a natural person he can not have. Kings, bishops, deans, parsons, and vicars, are in England sole corporations. A fee will not pass to a corporation sole without the word ``successors' in the grant. There are instances in the United States of a minister of a parish seized of parsonage lands in the right of his parish, being a corporation sole, as in Massachusetts. Corporations are sometimes classified as public and private; public being convertible with municipal, and private corporations being all corporations not municipal. Close corporation. See under Close.

Meaning of Close corporation from wikipedia

- A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by...
- sector in the form of government-owned corporations. A corporation may be privately held (for example, a close company - see below) or publicly traded...
- (UK), Corporation (US/Can) S.A.S (Société Anonyme Simplifiée): ≈ Unlisted public company (Au), Close Corporation (CC) (S. Africa), Private Corporation (Can);...
- separate from its employees, shareholders or members (in the case of close corporations), in that the connection between them is, usually, a mere contract...
- An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC)...
- 2018-08-27. Retrieved 2018-09-28. "Private Company ((Pty) Limited) and Close Corporation". Archived from the original on 9 July 2017. Retrieved 5 November...
- Close Enough is an American adult animated sitcom created by J. G. Quintel. Originally intended to air on TBS in 2017, the project faced various delays...
- The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is prin****lly funded by direct grants from the Australian...
- translations "Corporation" or "Incorporated". Texts in England often refer to kabushiki gaisha as "joint stock companies". While that is close to a literal...
- "Billie Eilish and the Pursuit of Happiness". Rolling Stone. Penske Media Corporation. Archived from the original on July 19, 2021. Retrieved July 21, 2021...