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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.

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(2015, 05). Close Company lawi.org.uk Retrieved 08, 2022, from https://lawi.org.uk/close-company/

05 2015. 08 2022 <https://lawi.org.uk/close-company/>

"Close Company" lawi.org.uk. lawi.org.uk, 05 2015. Web. 08 2022. <https://lawi.org.uk/close-company/>

"Close Company" lawi.org.uk. 05, 2015. Accesed 08 2022. https://lawi.org.uk/close-company/

Agostino Von Hassell, 'Close Company' (lawi.org.uk 2015) <https://lawi.org.uk/close-company/> accesed 2022 August 18

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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

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