All of a certain corporation's small number of shareholders agree that the firm can operate without directors, bylaws, shareholder meetings, stock certificates, and formal records of shareholders' decisions. This firm is most likely

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A close corporation, also known as a closely held corporation, is characterized by a small number of shareholders with no public market for its shares. It often operates more informally compared to publicly traded companies, allowing for agreements like operating without directors, bylaws, shareholder meetings, stock certificates, and formal records of shareholders' decisions. This flexibility is not typically found in the other types of corporations listed.

All of a Certain Corporation's Small Number of Shareholders Agree