Question

what type of corporation may be owned by just a few people and does not offer its shares for sale to the general public?
franchise
\c\
limited
private
question 8
5 pts
a type of corporation that was developed to help small businesses by taxing them as individuals in a partnership is a(n) __________ corporation.
private
\c\
limited
\s\

Explanation:

For the first question:

• A franchise is a business model where one party (the franchisor) grants another party (the franchisee) the right to use its brand, products, and business model.
• A “C” corporation is a regular corporation that is taxed separately from its owners.
• A limited corporation is not a standard term in this context.
• A private corporation is owned by a few people and does not offer its shares for sale to the general public.

For the second question:

• A private corporation is not taxed as individuals in a partnership.
• A “C” corporation is taxed separately.
• A limited corporation is not relevant here.
• An “S” corporation is a type of corporation that was developed to help small businesses by taxing them as individuals in a partnership.

Answer:

First question: D. Private
Second question: D. “S”