Close Company in United Kingdom
Definition of Close Company
In accordance with the work A Dictionary of Law, this is a description of Close Company : A company under the control of its directors or five or fewer participators. The participators have or are entitled to acquire a share or interest in the capital or income of the company and can include *loan creditors. Special tax provisions apply to such companies.
This is an advance summary of a forthcoming entry in the Encyclopedia of Law. Please check back later for the full entry.
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Legal Citations Generator(2015, 05). Close Company lawi.org.uk Retrieved 10, 2021, from https://lawi.org.uk/close-company/
05 2015. 10 2021 <https://lawi.org.uk/close-company/>
"Close Company" lawi.org.uk. lawi.org.uk, 05 2015. Web. 10 2021. <https://lawi.org.uk/close-company/>
"Close Company" lawi.org.uk. 05, 2015. Accesed 10 2021. https://lawi.org.uk/close-company/
Agostino Von Hassell, 'Close Company' (lawi.org.uk 2015) <https://lawi.org.uk/close-company/> accesed 2021 October 28
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Schema Summary
- Article Name: Close Company
- Author: Agostino Von Hassell
- Description: Definition of Close Company In accordance with the work A Dictionary of Law, this is a description of Close Company : A [...]
This entry was last updated: November 4, 2020
