Most new corporations start out as ________ corporations and then move to ________ corporations as they grow.

Question

Quizplus · Accepted Answer

Most new corporations start out as private corporations (often referred to as closely held corporations) owned by a small number of individuals. As they grow, they may choose to become public corporations (offering shares to the public through the stock market) to raise more capital and increase their visibility.

Most New Corporations Start Out as ________ Corporations and Then