closed corporation

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Related to Closely Held Companies: Public 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 ?
Headquartered in Oakbrook Terrace, Illinois with offices in Atlanta, Boston, Chicago, Cedar Rapids and Louisville, the company is a leading advisor to closely held companies nationwide.
The Supreme Court decision only relates to the contraceptive mandate and only applies to closely held companies whose owners can show they have sincere religious objections to the mandate.
The intended merger brings together an alignment of partners with representative strengths in Rehmann's core industry segments, including manufacturing, government/nonprofit, healthcare, service business, retail/distribution, real estate, and international as well as closely held companies.
He has also served as president of a mergers and acquisitions firm, where he was responsible for arranging, structuring and negotiating the sale of closely held companies.
CPC was established in June 1997 to address the professional needs of financial executives employed in private and closely held companies and to provide a voice for their interests within FEI.
It annually serves more than 1,000 clients ranging from closely held companies to Global 500 corporations.
With interest rates at historic lows, many companies are taking advantage of the low cost of capital and issuing debt Some closely held companies are "buying down" rates by issuing stock warrants with their debt.
The division works with investors and developers and boasts a concentration of prominent downtown clients including many closely held companies and high net worth individuals.
Little concern has been expressed for the independence issues facing closely held companies and their auditors.
The Miami-based home builder said the three closely held companies are ColRich Communities, which builds homes in San Diego; Polygon Communities, which builds in Southern California and Sacramento; and Communities Southwest, a land development company in Southern California and Phoenix.
Knight, whose firm's clients are mainly closely held companies, gave examples of legislation he thinks are the most troublesome to small businesses: the Americans with Disabilities Act, the Clean Air Act, the Civil Rights Act and the Fair Labor Standards Act.
Owners of closely held companies and their families are particularly at risk from the estate tax.