Two sisters and their parents own an incorporated hotel chain together.No stock is sold to the general public.What type of corporation is the hotel chain most likely to be?

Question

Quizplus · Accepted Answer

A)Closely held corporations generally do not offer stock to the general public.
Shareholders are usually family members and friends
B)Closely held corporations generally do not offer stock to the general public.Shareholders are usually family members and friends
C)Closely held corporations generally do not offer stock to the general public.Shareholders are usually family members and friends
D)Closely held corporations generally do not offer stock to the general public.Shareholders are usually family members and friends
E)Closely held corporations generally do not offer stock to the general public.Shareholders are usually family members and friends

Two Sisters and Their Parents Own an Incorporated Hotel Chain