Trevor and Tyler own a Privately Held Company

Private Held Company Explanation:

Privately Held Company: A privately held company is owned by the people who run it on a day-to-day basis and does not have publicly issued stock. In this case, Trevor and Tyler own all the stock in the Double T Corporation, making it a privately held company. This type of company is not required to disclose financial information to the public, and ownership is limited to a few individuals or a small group of investors.

To put it simply, privately held companies are not traded on the stock market and do not offer shares to the public. This allows the owners, in this case, Trevor and Tyler, to maintain full control over the company and make decisions without interference from public shareholders.