Close Corporations

Close Corporations


A Close Corporation (sometimes referred to as "closely held") can be desirable for a small business. It has three special provisions: the stock of the corporation cannot be traded on a public exchange; the number of stockholders must be specified and cannot be more than 30; and certain limitations may be placed on the transfer of the stock. If you prefer to form a Close Corporation, there is no additional charge. On the order form, please indicate "CLOSE CORPORATION" and provide us with the limitations you want included.


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