A _______corporation is a corporation owned by a small group of shareholders, often family members. Its shares cannot be publicly traded on the stock market, and often other restrictions on stock transfer apply.

Question

Quizplus · Accepted Answer

A closely held corporation is characterized by a small number of shareholders, typically involving family members, where the shares are not available for public trading and often have restrictions on stock transfer.

A _______Corporation Is a Corporation Owned by a Small Group