Most large companies are organized as corporations. Furthermore, corporations are often classified as privately held or public

Question:

Most large companies are organized as corporations. Furthermore, corporations are often classified as privately held or public corporations, with privately held corporations further distinguished as open or closed corporations.
Required:
1. List and briefly explain the advantages and disadvantages of the corporate form of organization.
2. Briefly explain the differences between publicly traded and private corporations. What distinguishes an open from a closed Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...