A closely held corporation may be categorized as a privately held or publicly held corporation,depending on its status at creation.

Name: A closely held corporation may be categorized as a privately held or publicly held corporation,depending on its status at creation.
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Question

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A closely held corporation is always considered a privately held company, not publicly traded, characterized by a small group of shareholders and restricted stock transferability.

A Closely Held Corporation May Be Categorized as a Privately