Multiple Choice
Which of the following is not a common feature of closely held corporations?
A) The corporation pays regular dividends to its public shareholders.
B) The corporation is often sold due to the owner's wish to retire.
C) The corporation has only one, or relatively few, shareholders.
D) The sale of the corporation may be structured in a way that allows family members or employees who do not have enough money to buy the business.
Correct Answer:
Verified
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