closed corporation

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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 ?
This privately closely held company has always been hampered by its lack of funds for marketing and sector penetration.
The woman asked that her name not be used, saying she wasn't authorized by the closely held company to speak on the matter.
Venkateshwara, a closely held company set up in 2005, manufactures sponge iron.
Novocell Inc (San Diego), a closely held company, converted stem cells into insulin-making pancreas cells in mice, a step toward curing diabetes.
409(p)-1T(f), includes many of the instruments used in the context of a closely held company, such as phantom stock or stock appreciation rights (SARs) (whether receivable in cash or company stock), warrants and stock options, certain nonqualified deferred compensation and potentially, convertible debt.
The first corporate board Walesa, 58, has agreed to join is that of NuTech Solutions, a closely held company founded three years ago in Charlotte, N.
A review of New York State Supreme Court cases involving valuations of closely held businesses indicates that the five-year average of earnings is almost always the basis of the valuation of a closely held company.
the closely held company that operates Belle's Web site and about 100 other athletes' sites.
With adequate documentation, it is possible for a closely held company to fully compensate shareholder-employees without having part of the payment reclassified as a disguised dividend.
The closely held company, founded by former Novell VP Andy Huffman, writer Don Katz and former Macromedia CEO Timothy Mott, sells a $199 portable player for RealAudio files which can be downloaded from the internet.