I would like to know if one person can be a member of two close corporations in the same industry? Owning 49% of one and 51% in the other?
Mon Jul 03, 2006 3:00 pm
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Membership of Close corporations
There is no legal contraint as far as I know.
The only downside is that you would not qualify for small business tax benefits if you have membership in more than one cc
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