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Describe menu costs.
Majority Shareholder
An individual or entity owning more than 50% of a company's shares, giving them significant control over the company's decisions.
Close Corporation
A type of corporation characterized by a small number of shareholders, no public market for its shares, and often operated similarly to a partnership.
Transferability
The ability of an asset to be transferred or made over from one party to another.
Close Corporation
A privately held company characterized by a small number of shareholders with no public market for its shares.
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