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Understanding Closed Corporations (S.A.C.) by ScribdTranslations is a document available to read on EtoBox.

The Closed Joint Stock Company (S.A.C.) is a limited liability company designed for small to medium family businesses, requiring a minimum of two and a maximum of twenty partners. It is governed by the General Law of Companies, specifically articles 234 to 248 of Law 26887, and does not allow shares to be registered in the Public Market Registry. Key features include a personal element in management, restrictions on share transferability, and the option to operate without a directory.

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