BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -They are limited to no more than about 30 shareholders, and there are often significant restrictions on the ability of existing owners and shareholders to transfer or sell stock in the company.

Detailed explanation-2: -The special statutory close corporation statutes require that there be a limited number of shareholders (under 30 or, in some states, under 50), and that certain transfer restrictions appear on the stock certificates.

Detailed explanation-3: -S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.

Detailed explanation-4: -A Close Corporation is a Corporation which sets certain limitations on the sale, holding and transfer of its shares of stock. In Delaware, a Close Corporation is limited to thirty shareholders.

Detailed explanation-5: -Ernst & Young, PricewaterhouseCoopers, SC Johnson, Hearst Corporation, and Chick-Fil-A, and Hobby Lobby are other well-known U.S. closed corporations. Some examples of a non-U.S. closed corporation are Sweden’s IKEA, Germany’s ALDI and Bosch, and Denmark’s LEGO.