Closely held corporations have shares that are controlled by a relatively small number of people,often family members,relatives,or friends.

Name: Closely held corporations have shares that are controlled by a relatively small number of people,often family members,relatives,or friends.
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Question

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Closely held corporations typically have shares that are owned by a limited number of individuals, often those who have personal or business relationships with each other.

Closely Held Corporations Have Shares That Are Controlled by a Relatively