If a corporation sells shares to the general public, then it is a public corporation.

Name: If a corporation sells shares to the general public, then it is a public corporation.
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If a corporation sells shares to the general public through a stock exchange, then it becomes a public corporation. This means that its shares are publicly traded and available for purchase by anyone who meets the requirements set by the stock exchange where it is listed.

If a Corporation Sells Shares to the General Public, Then