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.
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