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 ?
The AICPA has also proposed new auditor independence rules that do not distinguish between SEC clients and closely held companies.
Because the market values of closely held companies are rarely known, the test used only publicly traded firms.
CPC was established in June 1997 to address the professional needs of those members in private and closely held companies, and to provide a voice for their interests, both within FEI and externally--before appropriate governmental and regulatory bodies.
Many closely held companies are considered small to middle market companies; they exhibit specific attributes that distinguish them from their larger publicly traded counterparts.
Development Group, an association of closely held companies, announced today it has completed the sale of certain mature assets and ownership interest as part of a plan to focus on higher growth opportunities.
For many closely held companies, the LLC and LLP are attractive organizational alternatives to S corporations, general and limited partnerships and professional corporations.
The firm annually serves more than 1,000 clients ranging from closely held companies to Global 500 corporations.
Olson brings more than 20 years of expertise in investment planning for individuals, closely held companies and their foundations to add value at all stages of the investment management process.
PKF Texas tax professionals work with public and closely held companies that have domestic and international interests.
He has been involved extensively with all aspects of accounting, taxation and management advisory services related to closely held companies.
Although we are a boutique firm, Strategic Equity Group's access to a vast network of potential buyers, both institutional and industry-specific, and other advisors and intermediaries across the country, means that SEG can bring muscle and clout into a deal involving closely held companies," noted Ellington.
Founded in 1962, Blackman Kallick Bartelstein LLP 's more than 200 employees serve publicly traded and closely held companies conducting business in local, regional and national markets, as well as those with multi-national operations, alliances and customers.