Trevor and Tyler own all the stock in the Double T Corporation.The stock of this corporation is not sold to the general public.Trevor and Tyler own a(n):
A)Limited liability company.
B)Master limited partnership.
C)Alien corporation.
D)Closed corporation.

Question

Quizplus · Accepted Answer

A closed corporation is a business whose stock is not publicly traded and is owned by a small group of individuals. In this case, Trevor and Tyler own all the stock in the Double T Corporation, making it a closed corporation. The other options (limited liability company, master limited partnership, and alien corporation) do not accurately describe the ownership structure of the Double T Corporation.

Trevor and Tyler Own All the Stock in the Double