A closed corporation is one whose stock is held by a few people and is not available to the general public.

Name: A closed corporation is one whose stock is held by a few people and is not available to the general public.
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Question

Quizplus · Accepted Answer

A closed corporation, also known as a closely held corporation or a private corporation, is owned by a small number of shareholders and is not publicly traded on a stock exchange. As a result, the stock is not generally available to the general public.

A Closed Corporation Is One Whose Stock Is Held by a Few