Question

Rita and susan want to form and do business as trips & travel agency, inc. they will serve as the firm's directors and officers, and will initially hold all of the stock in the company. a corporation is owned by

Answer 1

The answer is shareholders. A business organization claimed either by non-administrative associations or by a moderately modest number of shareholders or organization individuals which does not offer or exchange its organization stock (shares) to the overall population on money markets trades, yet rather the organization's stock is offered, possessed and exchanged or traded secretly. More uncertain terms for a privately held organization are unquoted organization and unlisted organization.