Trevor and Tyler own all the stock in the Double T Corporation.The stock of this corporation is not sold to the general public.Trevor and Tyler own a:
A)Limited liability company.
B)Master limited partnership.
C)Alien corporation.
D)Closed corporation.

Question

Quizplus · Accepted Answer

A closed corporation is a type of corporation where the stock is not publicly traded and is held by a select group of individuals, usually the founders or a small group of investors. Trevor and Tyler own all the stock in the Double T Corporation, which means it is a closed corporation. Limited liability company (A) and master limited partnership (B) are different types of business entities. An alien corporation (C) is a corporation formed in a different country and doing business in the United States.

Trevor and Tyler Own All the Stock in the Double