Palm Beach Florida Employment of Executive or General Manager in a Closely Held Corporate Business

State:
Multi-State
County:
Palm Beach
Control #:
US-01683BG
Format:
Word; 
Rich Text
Instant download

Description

A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. Many of these types of corporations are small firms that in the past would have been operated as a sole proprietorship or partner¬ship, but have been incorporated in order to obtain the advantages of limited liability or a tax benefit or both. This type of employment agreement might be in order for the chief operating officer of such a corporation.

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Palm Beach Florida Employment of Executive or General Manager in a Closely Held Corporate Business