All of the following are characteristics of a closely held corporation EXCEPT
A)the shares are publicly traded.
B)the corporation can typically operate without a board of directors.
C)the shareholders usually restrict share transfer.
D)minority shareholders are provided more protection than in regular corporations.

Question

Quizplus · Accepted Answer

One of the main characteristics of a closely held corporation is that the shares are not publicly traded. Therefore, option A is incorrect. The other options are all true characteristics of closely held corporations.

All of the Following Are Characteristics of a Closely Held