What Is A Close Corporation?

Have you ever heard somebody say that they own a "close” corporation and wondered what that means?
Katherine Taylor, founder of Taylor Legal, has represented businesses and their owners for over 15 years. She breaks down complex or confusing issues encountered by an entrepreneur when starting or running a business. We hope to make your life easier.
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[@sleddy01]

Close is a bad word choice. This is the only video I could find that was not about dissolution. :o) Thank you.

[@KatherineOrho]

Thank you. Great video. Very helpful.

[@taylorlegal]

Thank you! I try to keep them short and factual.

[@kiranroice2729]

Is C Corp and Close corporation the same?

[@taylorlegal]

Not at all. A "C" Corp means a corporation taxed under Subchapter C of the Internal Revenue Code (as opposed to an "S" Corp.) See my video on S Corps!