Which of the following is not true of a close corporation?
A) It has a large number of stockholders
B) Its stockholders are often actively involved in the managment
C) It has a small number of stockholders.
D) Its profits are taxed twice, unless it has elected S-Corp status
Correct Answer:
Verified
Q4: A(n)corporation is one that is formed
Q5: Certificates called shares of stock represent ownership
Q6: When does a corporation become a
Q7: A not-for-profit corporation usually issues stock.
Q8: A subscription agreement is written agreement to
Q10: After it is incorporated, a corporation cannot
Q11: Statutes frequently require a corporation's name to
Q12: A corporation that is incorporated in
Q13: The power to make bylaws and regulations
Q14: A person who takes the initial
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