Closed Corporation

(redirected from Closely Held Companies)
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Related to Closely Held Companies: Public corporation, Privately held companies

Closed Corporation

A type of business corporation that is owned and operated by a small group of people.

A closed corporation is also known as a close corporation, a family corporation, an incorporated partnership, and a chartered partnership. In this type of corporation all of the functions are usually performed by the same parties. These individuals serve as shareholders, officers, and directors and are involved in the management and operation of the business. A closed corporation differs from a publicly held corporation since its stock is neither issued nor traded to the public at large.

References in periodicals archive ?
CPC tracks developments affecting private and closely held companies, promotes information exchange among interested members and oversees the development of programs, products and services that address its constituents.
Additionally, CPC is authorized to formulate FEI position statements on matters affecting private and closely held companies and communicate those positions to appropriate sources: organizations, government agencies, the academic community and other external interested parties.
In addition to potential problems with information availability and reliability, there are other differences between closely held companies and their publicly traded counterparts.
Many closely held companies are conservatively managed and may be underleveraged.
Many closely held companies have nonoperating assets, such as marketable securities, insurance policies or real estate.
Many smaller closely held companies lack diversification either geographically, demographically or by product line.
Publicly traded company multiples: An often used technique for valuing closely held companies is the application of publicly traded company valuation multiples or ratios, i.
It acknowledged the fact that closely held companies do not have readily available market quotations and that alternative valuation approaches must be used.
They selected the 10 award winners out of 72 closely held companies that were invited to present their business plans at the conference.
Andrew Seybold's Outlook 4Mobility is an affiliation of closely held companies founded by wireless and mobile data expert Andrew Seybold.
The Birmingham-based law firm of Maynard, Cooper & Gale offers a full array of legal services to a broad and diverse client base consisting of Fortune 500 companies as well as closely held companies, partnerships, professional associations, charities and individuals.
He also has substantial experience litigating a wide variety of other types of business disputes, including those involving commercial contracts, partnerships and closely held companies, defamation and real estate matters.