This guild is a close corporation
, and is governed by strict laws.
It costs less to form the Series LLC than to separately incorporate the close corporation
and each subsidiary.
For estate tax valuation purposes, shares of a close corporation
are those that are "not listed on any stock exchange, not dealt in actively by brokers, not quoted on a bid and asked price, not sold by the personal representative of decedent, or at private sale, within a reasonable period near decedent's death.
The Swakara Board had its own stand and for the fourth year in a row, the Swakara collection was developed in close corporation
with Kopenhagen Fur Studio.
To the extent a transferor parent is inclined to dominate governance without necessarily attending to systematic and periodic shareholder and director meetings, the adviser may be well-advised to memorialize that scenario pursuant to a close corporation
agreement (if available under local law).
3] Because of the unusual and intimate relationship between shareholders and the actual operations of the close corporation
, many courts have recognized that control of this entity is peculiarly susceptible to misuse or abuse by the majority shareholders--commonly referred to as minority shareholder oppression or exploitation--including the majority shareholders' failure to declare dividends, unfair distribution of business profits to the majority shareholders in the form of salaries or bonuses, and the discharge of a minority shareholder as a corporate employee.
Sidney Hanstein, a young Namibian entrepreneur, saw the gap and founded Outsourcing Solutions, a registered Namibian Close Corporation
based in Windhoek.
06 Fiduciary Duty In The Close Corporation
Context - 4.
There are no court cases indicating whether or not a close corporation
agreement that retains a controlling vote to the transferor of voting stock would cause the stock to be included in his estate on death if the contract was in force at his death or within three years of death.
NASDAQ:HRLY), announced today that it has signed an exclusive Sales and Marketing Agreement with EADS ewation GmbH, Grintek ewation ("GEW"), Sysdel Close Corporation
and Telephan AS to market products under the registered trademark of MRCM(TM).
Technical Solutions, LLC, a global developer of HIGH AVAILABILITY SOFTWARE solutions for telecommunication and the enterprise markets, in close corporation
with Sun Microsystem, Microelectronics Division, has ported its H.
a California close corporation
, in exchange for the issuance by Edudata Corporation of 5,000,000 shares of its common stock.