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company is close

Latvian translation: slēgta sabiedrība/uzņēmums

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:company is close
Latvian translation:slēgta sabiedrība/uzņēmums
Entered by: Ines Burrell

12:51 Dec 12, 2006
English to Latvian translations [PRO]
Law/Patents - Government / Politics / UK regulations/construction
English term or phrase: company is close
To pass the standard test, the company must be able to demonstrate a net construction turnover of at least £30,000 for each director, and if the company is close, for each beneficial shareholder, in the 12 months before making the application for gross payment.

Klients man sniedza šādu skaidrojumu:

A company is 'close' if it is:

* under the 'control' of 5 or fewer 'participators' (including
'associates');
* under the control of any number of participators who are 'directors'
(including associates).

A company is also close broadly where 5 or fewer participators, or
participators who are directors, together possess or are entitled to
acquire rights to receive the greater part of the assets (with or without
taking the rights of any loan creditors into account), based upon a
notional winding up of the company.

Diemžēl finanses nav mana stiprā puse, bet šāds termins ir iezadzies tulkojumā.
Ines Burrell
United Kingdom
Local time: 06:46
slēgta sabiedrība/uzņēmums
Explanation:
Klients labi noslēpis būtību.

Close corporation. A corporation whose stock is not feely traded and is held by only a few shareholders. Also closed corporation or closely held corporation
(Black's Law Dictionary)
Selected response from:

Freimanis
Local time: 08:46
Grading comment
Nu bija man tādas aizdomas, bet paskaidrojums skanēja pārāk sarežģīti! Paldies!
4 KudoZ points were awarded for this answer



Summary of answers provided
4slēgta sabiedrība/uzņēmums
Freimanis


  

Answers


43 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
slēgta sabiedrība/uzņēmums


Explanation:
Klients labi noslēpis būtību.

Close corporation. A corporation whose stock is not feely traded and is held by only a few shareholders. Also closed corporation or closely held corporation
(Black's Law Dictionary)

Freimanis
Local time: 08:46
Works in field
Native speaker of: Latvian
PRO pts in category: 59
Grading comment
Nu bija man tādas aizdomas, bet paskaidrojums skanēja pārāk sarežģīti! Paldies!
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