A(n)__________is one whose shares are held by one shareholder or a small group of shareholders.

Name: A(n)__________is one whose shares are held by one shareholder or a small group of shareholders.
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A close corporation, also known as a closely held corporation, is one where the shares are held by a small group of shareholders, often family members or close business partners. This type of corporation is not publicly traded and typically operates more like a partnership than a traditional corporation.

A(n)__________is One Whose Shares Are Held by One Shareholder or a Small