A close corporation need not meet all of the specific requirements set forth in state statutes for corporations because it is essentially a sole proprietorship.
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Q11: Individual state laws should be relied on
Q12: A foreign corporation that has not obtained
Q13: If the procedures for incorporation are not
Q14: Because a close corporation is one whose
Q15: In many states, close corporations have more
Q17: A benefit corporation is designed to make
Q18: The implied powers of a corporation can
Q19: Like the partners in a partnership, the
Q20: A corporation whose shares are held by
Q21: When a shareholder commingles personal and corporate
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