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 ?
The woman asked that her name not be used, saying she wasn't authorized by the closely held company to speak on the matter.
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 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.
Today, their closely held company is a power in the multi-billion-dollar home furnishings industry, with 60 stores from Maine to California and a worldwide catalog network.
TST is a closely held company that has developed a variety of cash management products since its founding in 1985.
When the ESOP was instituted in 1985, the shares of the closely held company were valued at $59.
One method of transferring a family business from one generation to the next while minimizing gift and estate taxes involves the gifting of closely held company stock shares over a period of years.