Laura owns a company that provides laundry services.She ensures that only her family members are the stockholders of her company.She also allows them to control and manage all of the company's activities.In this scenario,Laura owns a _____.

Question

Quizplus · Accepted Answer

In this scenario, Laura owns a closed corporation, also known as a closely held corporation. This is because the stockholders/owners are limited to a small group, usually family members or a small number of investors. Closed corporations are typically not publicly traded on stock exchanges, and the owners have more control over managing the company's activities.

Laura Owns a Company That Provides Laundry Services