Question

Tyler, Dusty, and Matt own all shares of stock in Abels​ Enterprises, and shares of stock are not offered to the general public. Abels Enterprises is likely a​ _______.

Answer 1

Abels Enterprises is likely a closely held corporation because shares of stock are not offered to the general public.

Since Abels Enterprises is a closely held corporation, it has a limited number of stockholders and its stocks are rarely exchanged.