Lorenzo and Lila own all of the Double L Corporation's stock. The stock of this corporation is not sold to the general public. Lorenzo and Lila own a(n)
A) limited liability company.
B) master limited partnership.
C) alien corporation.
D) closed corporation.

Question

Quizplus · Accepted Answer

A closed corporation is one whose stock is all owned by only a few investors (or privately held), and isn't available to the general public.

Lorenzo and Lila Own All of the Double L Corporation's