Closely-held corporation. Closely-held corporation (including the term close corporation) means -
(1) A corporation that qualifies under the law of the State of its incorporation or organization as a closely-held corporation; or
(2) If the State of incorporation or organization has no definition of closely-held corporation, a corporation the stock of which -
(i) Is held by no more than 30 persons; and
(ii) Has not been and is not planned to be publicly offered.