closed corporation

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Related to Closely-Held Companies: closely held corporation, Privately held companies

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 ?
April 22, 2013 /PRNewswire/ -- Scottsdale based Trapp Online, a provider of online vertical market accounting solutions, is proud to announce it will be named a winner in two categories at the prestigious Smart 25 Awards honoring closely-held companies.
Other practice areas include forensic accounting and business appraisal for closely-held companies, estate valuations, gift tax planning, insurance consulting, loss advisory, economic damages, partnership/marital dissolution, and fair value financial reporting.
It serves closely-held companies across a variety of industries including construction and real estate.