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close corporation

   Also found in: Legal 0.04 sec.
close corporation  (kls)
n.
See closed corporation.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.close corporation - a corporation owned by a few people; shares have no public market
closed 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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This guild is a close corporation, and is governed by strict laws.
A Tramp Abroad by Twain, Mark View in context
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