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Business office will be identical. This change affects every entity served by me and I have notified each entity of the registered office change. I certify that the above information is correct and I am in compliance with the requirements of W.S. 17-28-101 through W.S. 17-28-111. Signature: Date: (Shall be executed by the registered agent.) Checklist Submit one originally signed consent to appointment and one exact photocopy. RAConsent.

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A close corporation is a corporation which does not exceed a statutorily defined number of shareholders and is not a public corporation. This number depends on the state's business laws, but the number is usually 35 shareholders.

The most obvious advantage of a close corporation is that there are fewer rules to follow. You still must abide by regulations concerning the filing of incorporation documents, but beyond that, owners can focus on running the company instead of worrying about corporate regulatory compliance. Limited liability.

Generally speaking, a close corporation cannot have more than a particular number of shareholders--between 30 and 35 is the limit in most states. A close corporation cannot make a public offering of its stock.

Close corporation (CC) A CC is similar to a private company. It is a legal entity with its own legal personality and perpetual succession and must register as a taxpayer in its own right. A CC has no share capital and therefore no shareholders. The owners of a CC are the members of the CC.

What is a statutory close corporation? A statutory close corporation can be created under Chapter 180, Subchapter XVIII, of the Wisconsin Statutes. To elect statutory close corporation status, a corporation must have 50 or fewer shareholders at the time it elects close corporation status.

Like a standard corporation, a statutory close corporation must choose whether to be a C-Corporation or an S-Corporation with the IRS. Most small businesses find it most expedient to be either an LLC or a Subchapter S Close Corporation.

Only corporations with 50 or fewer shareholders may elect statutory close corporation status. To choose this status, two-thirds of the shares of each class of shares of the corporation must approve the election.

An S corporation is responsible for most of the same reporting and corporate governance requirements, such as shareholder and director meetings, as standard C corporations. Shareholders of a close corporation enjoy relaxed requirements regarding corporate governance and reporting.

While not explicitly labeled as closely held, most LLCs are, in fact, closely held companies. LLCs are modeled after partnerships, where a limited number of individuals share in the ownership and management of the business. ... Other states may impose additional duties between members in a closely held LLC.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232