closed corporation

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Related to Closely-Held Corporation: privately held corporation, S corporation

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 ?
While the shareholders of a closely-held corporation are commonly compensated largely through their employment by the corporation--making continued employment a reasonable expectation in many cases--shareholders are not entitled to keep their jobs regardless of the quality of their job performance.
An exemption from the mandate would only exist for for-profit business organized as a "closely-held corporation."
A stockholder who bargains for stock in a closely-held corporation and who pays for those shares ...
payments to an employee who is also a shareholder of a closely-held corporation.").
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.
Commissioner,[4] where the taxpayer held stock in a closely-held corporation which was an investment holding company.
In order to comply with Nevada's minimum premium-to-asset ratio for insurance companies, the individual tax payer in Peracchi was faced with contributing additional capital to his closely-held corporation, NAC.
One of his clients wants an audit of a closely-held corporation that owns 12 service stations located within 50 miles of his office.
The Court repeatedly references "closely-held corporation" as opposed to "family-owned" or "family-operated" corporations, and leaves unanswered the construction of what constitutes a "closely-held corporation." However, the Court squarely requires that closely-held companies have bona fide religious objections to the contraceptive mandate.
The owners of a closely-held corporation may want to sell their businesses for a variety of reasons.
The rental of a commercial building is the sole business of a newly formed closely-held corporation. For the first three years, the corporation reported a loss from the activity.