close corporation, noun phrase

Forms:
Also closed corporation.
A type of business introduced by the Close Corporations Act 69 of 1984, consisting of up to ten members acting both as owners and managers, and not requiring a separate board of directors.
2011 lowveldinfo.co.za (DSAE Corpus)Joseph owns a property which is registered in the name of his close corporation (CC) and he needs to Fica himself to buy another property in the CC.
2014 youthvillage.co.za (DSAE Corpus)You can go to a lawyers [sic] or an accountant and ask them to register your business as a close corporation or, as it is often called, a CC.
2017 timeslive.co.za (DSAE Corpus)..Dube submitted to the court a copy of his SA drivers license, ID as well as a certificate of registration for a closed corporation.
A type of business introduced by the Close Corporations Act 69 of 1984, consisting of up to ten members acting both as owners and managers, and not requiring a separate board of directors.
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clock, verb intransitivev.closed, participial adjectivepart. adj.
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