Closely held corporations generally offer stock for sale to the general public.

Question

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The stock of publicly held corporations is available to the public.Thus,if you want to invest in a corporation,you could purchase stock in a publicly held corporation.In contrast,closely held corporations (also called close,family,or privately held corporations)generally do not offer stock to the general public.Shareholders of closely held corporations are usually family members and friends who are often active in the business.

Closely Held Corporations Generally Offer Stock for Sale to the General