Greta and Raven are going to be the sole shareholders of a new catering business that will operate in their city.What type of corporation are Greta and Raven most likely considering?

Question

Quizplus · Accepted Answer

A closely held corporation is one where the stock is held by a few individuals, often friends, family, or business partners, which fits the scenario of Greta and Raven planning to be the sole shareholders of their new catering business.

Greta and Raven Are Going to Be the Sole Shareholders