Explain the significance of the determination that a company is a broadly held corporation or public company

Question:

Explain the significance of the determination that a company is a broadly held corporation or public company as opposed to a closely held corporation.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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