Thirteen sorority sisters decide to start a dog-walking business.They incorporate under the name Pro Canine Walkers,Inc.,and advertise their services throughout the city in newspapers and on flyers they post.All stock is owned by the 13 principals,and none is offered to anyone outside the 1.This corporation would be classified as a

Question

Quizplus · Accepted Answer

A) Because the sisters did not sell ownership interests to outside parties and none of
the other categories apply to the facts, this business is best categorized as a privately held corporation.
A) Because the sisters did not sell ownership interests to outside parties and none of the other categories apply to the facts, this business is best categorized as a privately held corporation.
B) Because the sisters did not sell ownership interests to outside parties and none of the other categories apply to the facts, this business is best categorized as a privately held corporation.
C) Because the sisters did not sell ownership interests to outside parties and none of the other categories apply to the facts, this business is best categorized as a privately held corporation.

Thirteen Sorority Sisters Decide to Start a Dog-Walking Business