What is the maximum number of non-employee shareholders a 'private' corporation may have?

Question

Quizplus · Accepted Answer

According to the Securities and Exchange Commission (SEC), a private corporation can have a maximum of 50 non-employee shareholders. Once the number of shareholders exceeds 50, the corporation is required to register with the SEC and comply with various regulations associated with public companies. Therefore, the best choice is A) with the explanation that a private corporation can have a maximum of 50 non-employee shareholders.

What Is the Maximum Number of Non-Employee Shareholders a 'Private