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9 June, 08:50

Some corporate founders of Smith Company want to restrict the transferability of their stock and hold it in the hands of only a few individuals who are not allowed to sell it to the general public. What type of company is Smith Company?

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  1. 9 June, 10:52
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    Privately held corporation

    Explanation:

    Privately held corporation is a business entity owned by a small number of people, and not having shares of ownership sold via a stock exchange or other public market.
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