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Tip of the Day Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government...

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Private Company

Private Company - A company that does not sell shares on the open market. It is the opposite of public company - a public company does sell their shares on the open market. Usually private companies divide their shares among family members or workers who have earned their merits in the company. This kind of ownership is called private. Still private companies are important to the economy of a country. Private companies are usually called corporations or limited corporations. In the US, private companies are not required to publish their financial statements, opposed to public companies. There is a limit on the number of shareholders that private companies might have.

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There is a limit on the number of shareholders that private companies might have.

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Definition of the Day Close Corporation Plan

Close Corporation Plan - A close corporation plan is a particular arrangement where surviving shareholder in a business, company, or corporation, agree to purchase a deceased shareholder's shares. This is an excellent business strategy as it ensures all the present owners in the corporation that no outside interests cannot attempt...

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