A corporation whose shares are all held by a single person is called a close corporation.

Name: A corporation whose shares are all held by a single person is called a close corporation.
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A close corporation, also known as a closely held corporation, is a type of corporation where all or a majority of the shares are held by a small group of people, often family members or close business associates. It is not required for the shares to be held by a single person.

A Corporation Whose Shares Are All Held by a Single