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Norton Inc. is a hardware store that is owned by members of Norton family as well as a few close friends of the family what is is this company
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Norton Inc. is a hardware store that is owned by members of Norton family as well as a few close friends of the family what is is this company

User Alexandr Kurilin
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1 Answer

8 votes

Answer:

Closed Corporation

Step-by-step explanation:

A closed corporation is a company in which the shares would be chosen by some individuals who are closely connected with the business. It could be also called by different names like privately held company, private company etc

Since In the given situation Norton Inc i.e. hardware store owned by the members also there is a few closed friends so this represent a closed corporation

User Amaury Esparza
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