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closed corporation
(redirected from Closed Corporations)

    Also found in: Legal, Financial 0.01 sec.
closed corporation
n.
A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.
closed corporation
n
(Business / Commerce) US a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market Also close corporation
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.closed corporation - a corporation owned by a few people; shares have no public market
close corporation, private corporation, privately held corporation
corp, corporation - a business firm whose articles of incorporation have been approved in some state
family business - a corporation that is entirely owned by the members of a single family
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A public company is traded on a stock exchange, and is owned by stockholders instead of individual people In certain public companies, called closed corporations, only a few people hold all the stock, and in this case, the company may resemble a partnership more than a corporation A public company is traded on a stock exchange, and is owned by stockholders instead of individual people.
Methods and Benefits of Going Public by Daniel Millions / Business community
Articles of closed corporations typically restrict the conditions under which shares are transferable.
Limited liability companies: best of both worlds by Miller, Carol J.; Bunn, Radie / The National Public Accountant
 
 
 
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