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What is a Close Corporation? Under Ohio law, a “close corporation” is defined as a corporation with a relatively small number of shareholders, whose shares are generally not traded on national securities exchanges or regularly quoted on over-the-counter markets.[1] A close corporation is also frequently characterized by an identity of management and ownership,[2] being comprised of a small number of people who depend on each other for the success of the enterprise.[3] In other words, close corporations will usually bear an unmistakable resemblance to a partnership, with shareholders considering themselves partners in business while utilizing the advantages that the corporate form has to offer.[4] As a result, it is typical that the shares of a close corporation are rarely bought and sold and, usually, there are restrictions on a shareholder’s ability to transfer their shares.[5] The intent of such restrictions is to preserve the partnership as it stands, limiting the ability

United statesHanko nestorClose corporation agreementDoolittle burroughsClose corporationAmeriprise financial incEnglish codeCorporation agreementBuy sell agreementLaw dictionaryஒன்றுபட்டது மாநிலங்களில்ஹான்கோ கூடுடூலிட்ல் பரோக்கள்நெருக்கமான நிறுவனம்அமெரிப்ரிஸ் நிதி இன்க்ஆங்கிலம் குறியீடு