Call Us Today! 443-420-4075

Taylor Legal Blog

What is a “Close” Corporation?

Posted by Katherine L. Taylor, Attorney | Jan 22, 2021 | 0 Comments

Have you ever heard somebody say that they own a "close” corporation and wondered whatthat means? A close corporation, sometimes referred to as a “closed” corporation, is a less formal way ofrunning their business; the shareholders have elected to have no board of directors. In a regular c...