closed corporation

listen to the pronunciation of closed corporation
İngilizce - İngilizce
A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation
a corporation owned by a few people; shares have no public market
corporation whose stock is owned by a small number of people
a corporation whose shares of stock are held by only a few people, usually by those who are in active management positions Restrictions are placed on the stockholders and their right to transfer stock to others
One whose shares are owned by just a few individuals (Privately Owned Corporation)

İlgili Terimler

close corporation
Contract carrier
close corporation
A corporation that elects in its articles of incorporation to be registered under the close corporation statutes of their state of incorporation Some state close corporation statutes provide for a maximum number of shareholders In addition, close corporation statutes may eliminate or limit the powers of the board of directors, prescribe preemptive rights to the shareholders or relax the corporate formalities Exact specifications vary by jurisdiction Not all state statutes provide for a close corporation provision
close corporation
= A corporate form of business controlled and operated by a small, close group of persons such as family members The corporation's stock is not sold to outsiders
close corporation
A corporate business that has substantially identical ownership and management interests Generally, a small group of individuals owns the company as shareholders, controls it as directors and operates it as officers
close corporation
a corporation owned by a few people; shares have no public market
closed corporation

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    closed cor·po·ra·tion

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    /ˈklōzd ˌkôrpərˈāsʜən/ /ˈkloʊzd ˌkɔːrpɜrˈeɪʃən/