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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