If the ownership of a closely held company is less than 50% of the outstanding stock, then the ownership is termed a:

Question

Quizplus · Accepted Answer

When the ownership of a closely held company is less than 50% of the outstanding stock, it is considered a minority interest. This means that the owner does not have control over the company's decisions and is subject to the decisions made by the majority shareholders.

If the Ownership of a Closely Held Company Is Less