closed corporation

(redirected from Closely Held Corporations)
Also found in: Thesaurus, Legal, Financial.

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
(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

closed′ corpora′tion


n.
an incorporated business owned by a few individuals who seldom sell their stock and so retain control.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.closed corporation - a corporation owned by a few people; shares have no public market
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
References in periodicals archive ?
Fortunately, many states have enacted laws that relax the non-essential formalities on closely held corporations.
Counsel to businesses take note: shareholders of closely held corporations have fiduciary obligations to each other greater than those in the world of publicly traded organizations.
Lehn is Certified by the Supreme Court of New Jersey as a Civil Trial Attorney and practices in the areas of commercial litigation, franchise and employment law, legal malpractice real estate and litigation involving closely held corporations.
Employer contributions to QTPs may be attractive for closely held corporations.
The focus of this article is on the treatment of passive losses by closely held corporations.
Management Structure of Typical Closely Held Corporations
The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) reduced the individual tax rate on corporate dividends received to 15% for individuals in the 25%, 28%, 33% and 35% tax brackets (5% (0% in 2008) for individuals in the 15% and 10% income tax brackets); this affords some planning strategies for closely held corporations that want to reduce their accumulated earnings and profits (E&P).
Orbit will continue to sharpen its focus on the delivery of customized consulting, management, and outsourced staffing solutions for its client base, which ranges from closely held corporations to the Fortune 100.
It is not unusual for small, closely held corporations to secure their initial capital entirely from a bank or other third-party financing, secured by the shareholders' personal guarantees.
Taxpayers should be sure to provide evidence of stock valuation in closely held corporations based on the worth of the underlying property.
Of course, in some closely held corporations, the wage-earning shareholders have substantial discretion in determining their own salaries.