Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same fa

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1 year ago

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mily. Integrated is

1 answer:

yan [13] · Answer 1 · 2023-12-07T23:33:17+03:00

Integrated is a close corporation.

<h3>What is corporation?</h3>

A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes.
Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
There are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
Examples of corporations are Apple Inc., Walmart Inc., and Microsoft Corporation.

<h3>What is a close corporation?</h3>

A close corporation is a business that has fewer shareholders than the statutory limit and is not a public company.
The maximum number of shareholders is typically 35, though this varies according on the state's corporate regulations.

Learn more about corporation here:

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