Question: To avoid sharing control with someone they do not know or like, it would be most effective for the shareholders of a close corporation to

To avoid sharing control with someone they do not know or like, it would be most effective for the shareholders of a close corporation to
require more than a majority of directors approve any board action.
reorganize into a sole proprietorship or partnership.
hold special shareholders' or directors' meetings on an annual basis.
restrict the transferability of shares to outside persons.
 To avoid sharing control with someone they do not know or

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!