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 privately held company, private company, or close corporation is a corporation that is not owned by the government, non-governmental organizations or...
- 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...
- (UK), Corporation (US/Can) S.A.S (Société Anonyme Simplifiée): ≈ Unlisted Public Company (Au), Close Corporation (CC) (S. Africa), Private Corporation (Can);...
- Close Enough is an American adult animated sitcom created by J. G. Quintel for HBO Max. Originally, the series was created for TBS in 2017, but was shelved...
- 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, for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership)...
- troubles forced SNK Corporation to close in the same year. Anti****ting the end of the company, Kawasaki founded Playmore Corporation in 2001, which acquired...
- At Close Range is a 1986 American neo-noir crime drama film directed by James Foley, based on the real life rural Pennsylvania crime family led by Bruce...
- The British Broadcasting Corporation (BBC) is a public service broadcaster, headquartered at Broadcasting House in Westminster, London. It is the world's...
- Close-quarters combat (CQC) or close-quarters battle (CQB) is a tactical concept that involves a physical confrontation between several combatants at very...
Loading...