Mark Rigotti wrote:
- quote -

The term "close corporation" used to refer to a closely held
one, i.e. stock owned by a "few good men" capable of being
controlled.

ChEAr$,
Harlan Lunsford, EA n LA

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"Mark Rigotti" <rigotti[at]wideopenwest.com> wrote:
- quote -

In California we have statutory close corporations, which do
not have all the bureaucratic requirements of other
corporations. But in general they are not used, and I have
not recommended them in the past, though I can't remember
off the top of my head why.

Stu

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aks71[at]gmail.com wrote:

- quote -

See:

http://www.toolkit.cch.com/text/P12_4251.asp

CCh has a chart toward the end of the page showing the
states that allow close corporations.

I am not an attorney so take what I say with a *pound* of
salt but I have never heard of a statutaory close
corporation being available in the Old North State. Legal
questions should be directed to an attorney.

Drew Edmundson, CPA
Cary, NC

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<maks71[at]gmail.com> wrote:

- quote -

Sorry, I've never heard of a close corporation here in the
US. Overseas yes. US no. I might be wrong but would venture
that they are not legit here.

BTW I'm in Michigan so not as familiar with NC law.

Rgs,

Mark

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Moderator:
As a note to the orginal poster, 22 submissions of the
same post were unnecessary. Life is rough and then I
post submissions when I have time to do so.

I'd like to form NC corporation and would like to be a
"Close Corporation" for less paper work..etc..

Is it allowed in NC? Please advise..

Thanks in advance.

-Maks

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >