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  shellena2010  

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by shellena2010
10-26-09
Hello Sir. I see you're standing in front of the city's largest corporations. Can you tell me anything about it?
Not really. I've heard the terms: closed corporation, open corporation, & prospectus, but I have no idea what they mean.
Well, sir, a closed corporation is one that doesn't offer it's shares of stock for public sale. And a prospectus is a formal summary of the chief features of the business and its stock offering.
You left out open corporation. What is that?
An open corporation, which is what you're currently in, is one that offers its shares of stock for public sale. You should go buy some now!
That sounds like a great idea! I'm going to go buy some shares right now!
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