Which of the following best describes a closely held corporation?
A) The corporation's shares are owned by many individuals who can buy and sell their interest in the stock market
B) The corporation's shares are owned by a few individuals who are associated with the firm's management.
C) The corporation's shares are owned by many individuals who are associated with the firm's management.
D) Closely held corporations are not legally allowed to form in Canada.
Correct Answer:
Verified
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