Corporate law

Format: Hardcover

Language: English

Format: PDF / Kindle / ePub

Size: 7.63 MB

Downloadable formats: PDF

Office of Management and Budget has conducted individualized risk assessments for all federal agencies, including wholly owned FGCs, which it considers "high risk," rating them on a scale of 1 to 3. We can co-ordinate the entire legal process for you. These statutes usually state that they apply to [*1709] the following: (a) any corporation with no more than a specified, small number of shareholders and whose shares are subject to transfer restrictions, have not been publicly offered, and are not listed on a securities exchange; (b) any corporation that elects to be designated as a close corporation; (c) any corporation that so elects and also meets the statute's definitional criteria of a close corporation; and (d) any corporation that initially elects to be designated as a close corporation, as well as to pre-existing corporations who choose to be considered a close corporation prospectively as long as these pre-existing corporations satisfy certain statutory criteria. 57 Many corporations that possess the characteristics of a close corporation nonetheless do not elect to be so designated 58 and, therefore, are treated by law as general business corporations.

Pages: 660

Publisher: Butterworths; 1St Edition edition (1987)

ISBN: 0409019631

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