It is a corporation with fewer than 50 shareholders that includes a statement in its articles of incorporation that it elects to be a statutory close corporation, pursuant to O.C.G.A. 14-9-902.

This type of corporation is also known as a "closely held" corporation. A close corporation is generally comprised of a limited number of shareholders, which, in any event, must be no greater than 35. Closely held corporations are usually subject to restrictions on the transfer of stock and are typically not traded on any stock exchanges. Most of the shareholders participate in the management. Therefore, the transferability of shares is often restricted. See similar questions...

Yes, as long as the registered address of the close corporation and that of the Accounting Officer's is in South Africa. If the members do not have SA identity documents, then they must provide the following: ? Date of birth, (to be filled in on the form in place of the Identity number) ? Reason why no identity documents can be supplied and which nationality they belong to. See similar questions...

Yes, if his parent or guardian consent to it. Consent is given on the CK form. The guardian signs on behalf of or with the minor but the details of the minor are recorded. The guardian should also indicate below his signature, his full names and relationship to the minor. See similar questions...

Yes, section 64 of the Close Corporations Act 69 of 1984 specifically states that "If it at any time appears that any business of a corporation was or is being carried on recklessly, with gross negligence or with intent to defraud any person or for any fraudulent purpose, a Court may.. See similar questions...

No, a trading name cannot be reflected on the Close Corporation forms. The Close Corporations Act stipulates that only the registered name and number, as allocated by CIPRO, may appear on official documents. The trading name must be recorded with the Banks and can appear on the cheque book and the letterhead of the business. See similar questions...

executor of the estate must be appointed and only he or she can sell or transfer the membership. If no executor is stipulated in the will then the government appoints an executor. See similar questions...

Although the United States Consitution does not explicitly provide for the right to an interpreter, the individual rights and liberties afforded to all individuals under the Fourth, Fifth, Sixth, Eighth and Fourteenth Amendments are meaningless for non- or limited-English speakers unless they are provided with adequate interpreting services. United States ex rel Negrón (1970) is among the most important cases that stand for that proposition. See similar questions...

No, A letter, on the letterhead of the company, applying for deregistration must be posted to CIPRO (P O Box 429, Pretoria, 0001) The Letter, which must be signed by all the members, must state that there are no assets or liabilities in the close corporation. See similar questions...

A nonprofit corporation is created by filing a Certificate of Formation with the Secretary of State. See Form 202 (Word, PDF). A “nonprofit corporation” is a corporation no part of the income of which is distributable to members, directors, or officers. A nonprofit corporation may be created for any lawful purpose, which purpose must be stated in its Certificate of Formation. See similar questions...

A corporation has officers as described in its bylaws, as provided by O.C.G.A. 14-2-840. The same individual may hold more than one office, including that of President and Secretary. Only a corporation's Chief Executive Officer (person in charge), Chief Financial Officer (treasurer) and Secretary (person who maintains records) are listed with the Corporations Division. The same individual may hold more than one office. See similar questions...

The Secretary of State Corporations Division categorizes an entity as a foreign corporation when that entity's originating corporation registration was initiated in another state. See similar questions...

Name reservations for corporate entities can be completed online or by mail through the Secretary of State's Corporations Division. There is a $25.00 filing fee for the name reservation service. To reserve a name online: Visit the Corporations Division website at www.sos.state.ga.us/corporations. The filing fee can be paid online with a credit card. See similar questions...

A corporation is an artificial legal entity that must be created under the specific laws of a state or of the United States. A corporation may, with some exceptions, be owned by one or more people, by other legal entities, or by people and legal entities. Once created, a corporation is considered to have an existence separate and distinct from that of its owners or its employees. A corporation can buy, own, and sell property. See similar questions...