Tyler, Dusty, and Matt own all shares of stock in Abels Enterprises, and shares of stock are not offered to the general public. Abels Enterprises is likely a _______.

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asked Sep 25, 2019 180k views

1 Answer

Anthony Compton · Answer 1 · 2019-10-01T12:22:15+0000

Abels Enterprises is likely a closely held corporation because shares of stock are not offered to the general public.

Since Abels Enterprises is a closely held corporation, it has a limited number of stockholders and its stocks are rarely exchanged.