Question

This type of business ownership doesn't sell shares to the general public, and is usually owned by a small group of

people, and experiences double taxation.
Select an answer from the options below.
A Limited Liability Company
B C Corp
C Private Corporation
D S Corp

Answer 1

A B)C Corp is a type of business ownership that doesn't sell shares to the general public, is usually owned by a small group of people, and experiences double taxation.

Step-by-step explanation:

The type of business ownership that doesn't sell shares to the general public, is usually owned by a small group of people, and experiences double taxation is C Corp.

A C Corporation is a type of business organization that is owned by shareholders and is considered a separate legal entity. It is not required to sell shares to the general public, and it is subject to double taxation, meaning the corporation's profits are taxed at the corporate level and again when distributed to shareholders as dividends.