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Close Corporations Key Features a Close Corporation (cc) is a legal entity. Audited financial statements are not required for Close Corporations. Meetings are not compulsory and can be held on an ad hoc basis. Close Corporations (CCs) may become shareholders in other companies.
Per Missouri law, the registration report includes the following information: The corporations name. The name and address of the corporations registered agent. The names and business or residential addresses of the corporations officers and directors.
A close corporation is a corporation which is held by a limited number of shareholders and is not publicly traded.
Find Your Missouri Tax ID Numbers and Rates You can find your Withholding Account Number on any previous quarterly return, or on any notices you have received from the Department of Revenue. If youre unable to locate this, contact the agency at (573) 751-8750.
Why Create a Missouri LLC? Easily file your taxes and discover potential advantages for tax treatment. Create, manage, regulate, administer and stay in compliance easily. Protect your personal assets from your business liability and debts. Low cost to file ($50 plus a $2 online fee)
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Delaware is the most popular state to file an LLC in because it has a strong reputation for being business-friendly and offers a fast filing process with increased protection for owners. Wyoming offers low fees and great tax benefits for people looking to start an LLC.
More shareholder control. With fewer shareholders and a relaxed corporate structure, a close corporation provides each shareholder with more control over shares. For example, if one owner wants to leave the company, the other shareholders can better control those shares.
The difference lies primarily in the way that ownership, by way of shares, is distributed. In a close corporation, shares of the corporation are generally held by only a small number of people and are not available for sale or purchase in the public markets.
Today, the standard answer is that a corporations purpose is to benefit its shareholders academics speak of the shareholder primacy norm, and many talk of corporate managers task as shareholder wealth maximization. Even apparently selfless corporate acts, such as charitable donations, are justified as
Search a business entity (Corporation, LLC, or Limited Partnership) in Missouri by going to the Secretary of States Website and lookup by: Name. Charter Number. Registered Agent.

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