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closed corporation
(redirected from Closely Held 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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Management Structure of Typical Closely Held Corporations Shareholders = Directors = Officers The result is that many statutory requirements of corporations--such as annual meetings of shareholders, elections of directors and appointment of officers--are simply formalities.
Corporate governance and maintaining the corporate veil by The Business Owner
In contrast, the IRS has consistently used [section] 162(a)(1) to limit corporate deductions for executive compensation paid by closely held corporations, since closely held corporations lack the commercial checks and balances of their publicly traded brethren.
Taxing unreasonable compensation: (section) 162(a)(1) and managerial ... by Zelinsky, Aaron S.J. / Yale Law Journal
From the planning standpoint of a closely held corporation, the goal should probably be to reduce to the extent possible the administrative burden; many closely held corporations have limited administrative and clerical personnel.
Depreciation options for avoiding corporate AMT adjustments and ... by Ellentuck, Albert B. / The Tax Adviser
 
 
 
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