Question: Innes 4 0.5 / 0.5 5} George & Mark are still considering other business forms for P&P Enterprises. If they choose a closely held corporation


Innes 4 0.5 / 0.5 5} George & Mark are still considering other business forms for P&P Enterprises. If they choose a closely held corporation with just the two of them and ten other investors as shareholders, which of the following would not be true about their company? P&P Enterprises' shares will be publicly traded. P&P Enterprises' minority shareholders will be provided more protection than in regular corporations. P&P Enterprises will be able to operate without a board of directors. P&P Enterprises can restrict its shareholders from transferring shares. I'EJEE 5 0.5 / 0.5 5% Frank, Christie, & Matt are members of Custom Glass, an LLC. Custom Glass is getting sued by Andy, who has made a motion to have Custom Glass' veil pierced. The court may grant such a motion and pierce Custom Glass' veil if Frank, Christie, & Matt fail to provide adequate capital. Frank, Christie, & Matt keep their assets and the assets of Custom Glass separate. Custom Glass has too many members. Frank, Christie, & Matt treat Custom Glass like a separate organization
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