| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,774,350,793 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Closed Corporation |
Also found in: Dictionary/thesaurus, Financial, Acronyms | 0.02 sec. |
|
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Marriage was an economic pact in which fidelity was essential to maintain a stable home for kids and, in more traditional societies, to ensure the purity of bloodlines--only the wife's chastity could assure the father that the children he was raising, and to whom he would pass on his property, were really his, The family was primarily an economic institution, and monogamy guaranteed that it would remain a closed corporation. The court rejected the plaintiff's argument that because jasmine was a closed corporation, the defendants had a duty to treat it as a partnership and to respond to the plaintiffs request as if she were a partner. To date, the state Department of Justice, which enforces the Gaming Registration Act, has stated that an owner or operator of a gaming club must be an individual, partnership or closed corporation -- not a publicly traded corporation. |
| Legal Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|