When a business owned by a closely held corporation is being sold, the vendor is often persuaded

Question:

When a business owned by a closely held is being sold, the vendor is often persuaded to use tax-deferred methods to structure the sale. What is a closely held What features may such a have that make a tax-deferred sale attractive?
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...