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OTE2601 Assignment 2 (COMPLETE ANSWERS) 2024 (809145) - DUE 7 July 2024 £2.26   Add to cart

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OTE2601 Assignment 2 (COMPLETE ANSWERS) 2024 (809145) - DUE 7 July 2024

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OTE2601 Assignment 2 (COMPLETE ANSWERS) 2024 (809145) - DUE 7 July 2024 ; 100% TRUSTED workings, explanations and solutionsQUESTION 1 Every entrepreneur has certain expectations and goals when choosing a business. 1.1 What is a close corporation in business? Give one examples. (5) 1.2 You a...

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OTE2601
Assignment 2 Semester 1 2024
Detailed Solutions, References & Explanations

Unique number: 809145

Due Date: 7 July 2024
QUESTION 1

1.1.


A close corporation, also known as a closely held corporation, is a type of business structure
that is similar to a traditional corporation but has a smaller number of shareholders and is
often operated by a small group of individuals.
One example of a close corporation is a family-owned business where the ownership and
control of the company are closely held within the family.




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