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closed corporation
(redirected from Closely-Held Corporation)

    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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payments to an employee who is also a shareholder of a closely-held corporation.
Taxing unreasonable compensation: (section) 162(a)(1) and managerial ... by Zelinsky, Aaron S.J. / Yale Law Journal
Structuring the Plan to Avoid Potential Problems There has been some concern that a deferred compensation plan which covers only the majority or controlling shareholder/employee in a closely-held corporation might give rise to a constructive dividend, probably in an amount equal to the premium payments for any life insurance policy used as an additional funding vehicle.
Deferred compensation and salary continuation for the controlling ... by Olearcek, Patrick F. / Franchising World
Gateway Rehab is a closely-held corporation engaged in the provision of therapy services in Illinois and Indiana.
In-House Rehab Corporation Signs Letter of Intent To Acquire Gateway ... by PR Newswire
 
 
 
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