When a corporation's shares are owned by a few individuals who are associated with the firm's management,we say that the firm is "closely held."

Name: When a corporation's shares are owned by a few individuals who are associated with the firm's management,we say that the firm is "closely held."
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

This is because a closely held corporation is one where the majority of the company's shares are owned by a small group of people, often including the company's management team or founders.

When a Corporation's Shares Are Owned by a Few Individuals