OTE2601
ASSIGNMENT 02 2024
PARAPHRASE YOUR WORK TO AVOID PLAGARSM (CHANGE WORDS)
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. (5)
A close corporation, also known as a closed corporation or CC, is a type of
business structure that combines features of both a partnership and a
corporation. In a close corporation, ownership is typically limited to a small
number of shareholders, often family members or close associates, who
actively participate in the management and operation of the business. Close
corporations offer limited liability protection to their shareholders, meaning
that their personal assets are generally protected from the business's
liabilities and debts.
ASSIGNMENT 02 2024
PARAPHRASE YOUR WORK TO AVOID PLAGARSM (CHANGE WORDS)
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. (5)
A close corporation, also known as a closed corporation or CC, is a type of
business structure that combines features of both a partnership and a
corporation. In a close corporation, ownership is typically limited to a small
number of shareholders, often family members or close associates, who
actively participate in the management and operation of the business. Close
corporations offer limited liability protection to their shareholders, meaning
that their personal assets are generally protected from the business's
liabilities and debts.
