The company may choose to use the status of C-Corporation or to choose IRS S Corporation. Since a company S limits the number of shareholders to 100, a nearby company would qualify for this designation. If a company C is the preferred structure, the same tax rules would apply to any company with an organization name C. One of the main advantages of a CC is that it is often easier to regulate administratively than a company, while being a separate legal entity from its members who have limited liability. The interests of each cc member are determined according to their percentage of ownership, unlike a company in which shareholders acquire shares in the company. If the company duplicates itself and the principles of dealing first with the business and the shareholders who remain in the company have not been defined, the operation could be destroyed by abandonment. As soon as two or more people decide to do business together, the shareholders` agreement should be the first document to be prepared and signed. Often, working on this document from the beginning or when the company is set up requires the parties to discuss and conclude aspects of their relationship that might not otherwise have been covered at all. Whether it is due to disability, death or other reason for a majority shareholder to leave a nearby company, the shares they own are redistributed. In the treatment of a narrow capital company, the shares are redistributed in accordance with the shareholders` agreement. . .

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