Which of the following is not a characteristic of a close corporation? Question 28 options: its shares are not traded publicly its shares must be held by a single shareholder its shares generally have transfer restrictions it cannot be a Subchapter S corporation

A close corporation, also known as a closely held corporation, represents a distinct form of…

Answered: Which of the following is not a…

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	its shares are not traded publicly
	its shares must be held by a single shareholder
	its shares generally have transfer restrictions
	it cannot be a Subchapter S corporation