Close Corporation businesses are close business enterprises owned or "closely held" by relatively few people. They may be closely held corporations; enterprises with shares that are closely held by only a few stockholders, such as family members, rather than traded openly in the securities market. They may also be sole proprietorships; businesses operated by a single owner with no separate legal entity for holding or operating the company, including the owner's liability for the business's debts. Access more information here in the closely held business law practice center.
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