CH15 - Chapter Fifteen Corporate Variations Close...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter Fifteen Corporate Variations
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Close Corporation Corporation whose shares are held by a small group that is active in managing the corporation. (Also called statutory close statutory close corporation corporation)
Background image of page 2
Characteristics of a Close Corporation Limitation on the number of shareholders The shareholders typically enter into agreements restricting the transfer of shares All or most of the shareholders participate in the management of the corporation
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Nonprofit corporation Corporation formed for a purpose other than to earn profit (also called not-for-profit not-for-profit corporation corporation) Types of nonprofit corporations: Religious corporation Public benefit corporation Mutual benefit corporation
Background image of page 4
Parent and Subsidiary Corporations Parent Parent : : A corporation that forms another Subsidiary Subsidiary : : A corporation formed by another
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Professional Corporation The incorporation of the practice of a professional, including a doctor or lawyer (also called professional association professional association )
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 14

CH15 - Chapter Fifteen Corporate Variations Close...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online