Convenience Mart,Inc.,is a closely held corporation.Convenience Mart is

Question

Quizplus · Accepted Answer

Closely held corporations are generally allowed to restrict the transfer of its stock to avoid unwanted shareholders. This is a key feature that distinguishes it from publicly traded corporations. A, B, and D are incorrect because closely held corporations are not eligible to make public offerings of securities, are not exempt from filing a certificate of incorporation, and are taxed as separate entities like other corporations.

Convenience Mart,Inc.,is a Closely Held Corporation.Convenience Mart Is