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What is a Close Company? - RossMartin.co.uk

What is a close company? Broadly, a company is "close" if it is privately owned and controlled and done so by five or fewer individual participators. The majority of small companies and many family companies are close companies, see Close Company definitions and control.…

What is a close company? - FreeAgent

A close company is a limited company with five or fewer 'participators', or a limited company of which all the 'participators' are also directors. You are currently viewing our locale site. For more relevant information select a location from the drop down or dismiss to continue browsing.…

Closed Corporation Definition

A closed corporation is a company whose shares are held by a select few individuals who are usually closely associated with the business. Such a corporate business structure is known by a variety ...…

What is a Close Company? AccountingWEB

If you want the definition of a Close company it is a company that is controlled by a small number of individuals (so Closely held). It is a very difficult definition, but if 51% of the shares are held by 5 or fewer people the company is Close (subject to extensions, qualifications and exceptions).…

Close company Practical Law

A company is a close company if it is a UK resident company and five or fewer participators, or any number of participators who are directors, either:Have control of the company (and control has a special, broader meaning for this purpose than in some other tax statutes); orTogether possess, or are entitled to acquire, rights to receive the ...…

Closed company legal definition of closed company

close company a UK resident company that is controlled by five or fewer participators together with their associates or by any number of participatory directors (together with their associates). Control is determined by the persons having the right to more than 50 per cent of the company's voting rights, share capital, distributable income, or assets on a winding up.…

Close company legal definition of close company

close company a UK resident company that is controlled by five or fewer participators together with their associates or by any number of participatory directors (together with their associates). Control is determined by the persons having the right to more than 50 per cent of the company's voting rights, share capital, distributable income, or assets on a winding up.…

Close companies

Close companies. A close company is an Irish resident company that is controlled by five or fewer participators. This number can be higher if the participators are also directors. A participator is somebody who has a share or interest in the capital or income of a company and includes a person who:…