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Sagot :
True
When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is closely held is a "True" statement.
What is private firm/company?
A private company is one that is privately owned. Private companies may have shareholders and issue stock, but their shares don't really trade on public exchanges and aren't issued through with an initial public offering (IPO).
Some key features regarding the private firm/company are-
- Private companies are exempt from the Securities and Exchange Commission's (SEC) stringent filing requirements for public companies.
- In overall, the shares of these companies are less liquid, and determining their valuations is more difficult.
- Private companies are also known as privately held businesses. Private companies are classified into four types:
- sole proprietorships,
- limited liability corporations (LLCs),
- S corporations (S-corps), and
- C corporations (C-corps), each with its own set of rules for shareholders, members, and taxation.
To know more about the private firm/company, here
https://brainly.com/question/886817
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