Privately held corporations
A)always have multiple shareholders.
B)always require a board of directors to represents its interests.
C)raise capital through the sale of shares.
D)none of the above

Question

Quizplus · Accepted Answer

Privately held corporations are not publicly traded and do not sell shares to the general public. Therefore, they do not have multiple shareholders and do not require a board of directors to represent the shareholders' interests.

Privately Held Corporations