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close corporationn. a corporation which is permitted by state law to operate more ...
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close corporationA corporation owned and operated by a few individuals, often members of the same family, rather than by public shareholders. Close corporations are regulated by state close corporation statutes, which [..]
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close corporationsee corporation
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close corporationA corporate form of business controlled and operated by a small, close group of persons such as family members. The corporations stock is not sold to outsiders.
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