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    Legal Guidebook for Closely Held Corporations

    By Corporate Laws

    Legal Guidebook for Closely Held Corporations

    Legal Guidebook for Closely Held Corporations

    By Corporate Laws

    The Guidebook provides a concise, practical overview of important legal principles that govern directors, officers, and shareholders of closely held corporations. The book addresses basic concepts; structure of corporate action; director, officer, and shareholder rights and liability concerns; buy-sell agreements; mergers and asset sales; corporate books, records, and reporting; and much more.

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    The Guidebook replaces Managing Closely Held Corporations: A Legal Guidebook, published in 2003. Given the time lapse, this new edition is thoroughly updated with new added topics that have emerged in the last two decades. Prepared by the Corporate Laws Committee, the Guidebook provides basic concepts of a closely held corporation and identifies the characteristics that are fundamentally different from publicly held businesses.

    Unique from other resources on the subject, the Guidebook covers:

    • The special concerns and challenges involved in closely held corporations
    • Legal concerns of directors, officers, and shareholders as they hold a much greater congruency of decision-making and risk-taking in a closely held corporation
    • The law of corporate governance - the legal rules relating to the respective powers and duties of directors, officers, and shareholders
    • The articles of incorporation and bylaws of the corporation
    • The importance and flexibility of private ordering to address the bespoke nature of many closely held corporate governance structures, including the use of particular provisions in the governing documents to alter the statutory default rules for corporate governance
    • Mergers, asset sales, and entity changes
    • Buy-sell agreements and transfer restrictions
    • Corporate record-keeping requirements and directors' rights with respect to a corporation's books and records
    • And more.

    Product Details


    ABA Publishing


    Corporate Laws



    Page Count


    Product Code


    Trim Size

    6x9 Paperback

    Publication Date

    6/16/2023 12:00:00 AM

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