A corporation whose shares are held by relatively few persons is a partnership.

Name: A corporation whose shares are held by relatively few persons is a partnership.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

A corporation is a separate legal entity from its shareholders, and the number of shareholders does not determine its status as a corporation. A partnership is a different type of business structure where two or more people share ownership and responsibility for the business.

A Corporation Whose Shares Are Held by Relatively Few Persons