Business Structures
Review the various options and select two business structures to compare and contrast. Review the different options and choose two business structures to compare and contrast.
Corporations
Close corporation
Close corporations resemble B corps but have a less traditional corporate structure. These shed many formalities that typically govern corporations and apply to smaller companies.
State rules vary, but shares are usually barred from public trading. Close corporations can be run by a small group of shareholders without a board of directors.