Closely held corporation
Definition
A small, privately held corporation with only a few shareholders, usually family members or other close associates.
See also
Definition from Nolo’s Plain-English Law Dictionary
Refers to any corporation where the stock is not publicly traded on a stock exchange. Closely held corporations usually have a small number of shareholders. Compare: close corporation
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
