Unisian

No ratings found yet!

Unisian

Visit Store

“CMY2601 (Crime Risk Perspectives) Exam Pack consist of past exam papers and answers” has been added to your cart. View cart

OTE2601 Assignment 2 Due 7 June 2024

R50.00
1 Downloads

ASSIGNMENT 02

QUESTION 1

Every entrepreneur has certain expectations and goals when choosing a business.

1.1 What is a close corporation in business? Give one examples.

A close corporation (CC) in business is a type of legal entity that is similar to a
partnership but has limited liability for its members. It is typically a small business
structure where the owners are involved in the day-to-day operations and
management. In a close corporation, the number of shareholders is limited, and the
shares are not publicly traded. One example of a close corporation could be a familyowned
restaurant
where
the
family
members
are
the
shareholders
and
actively

participate
in
running
the
business.