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You and your twin brother decide to start a carpentry business called Bro & Bro Carpentry. If Bro & Bro Carpentry is a closely held

You and your twin brother decide to start a carpentry business called Bro & Bro Carpentry.

If Bro & Bro Carpentry is a closely held corporation, ________.

ANSWER

its shares are owned by only a few shareholders who are family members, relatives, and friends

it is formed to generate benefits for society

it has many shareholders and its securities are traded on the national market

it is a professional corporation

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