is a corporation which offers its shares or securities for sale to the public. A "private" corporation is a corporation which does not offer its shares or securities to the public. "Private corporations" are sometimes called "Closely‑Held Corporations." 10. If a corporation wishes to sell its securities to the public, what requirements are imposed upon the promoters, directors, and others associated with the sale and distribution of the securities? Answer: Promoters, directors, etc. involved…
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