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 ?
For closely held companies, the minority interest discount can be significant because of limited dividends and stock sales that are not efficiently priced.
But several issues are unique to the valuation of employee stock options (ESOs) for closely held companies. Even well-designed option valuation models will yield incorrect values if they are not modified to address these unique issues.
Without the 3:12 Rules, it would be possible for owners of closely held companies to avoid the progressive tax on earned income by withdrawing the full amount of their income from the company in the form of dividends taxable at only 30 percent.
With interest rates at historic lows, many companies are taking advantage of the low cost of capital and issuing debt Some closely held companies are "buying down" rates by issuing stock warrants with their debt.
The division works with investors and developers and boasts a concentration of prominent downtown clients including many closely held companies and high net worth individuals.
Owners of closely held companies and their families are particularly at risk from the estate tax.
Additionally, Baker Donelson achieved 24 Tier 1 metropolitan rankings in Jackson: Antitrust Law; Business Organizations (including LLCs and Partnerships); Closely Held Companies and Family Businesses Law; Commercial Litigation; Corporate Law; Criminal Defense: White-Collar; Economic Development Law; Environmental Law; Government Relations Practice; Health Care Law; Insurance Law; Litigation--Antitrust; Litigation--Environmental; Litigation--Labor & Employment; Litigation--Tax; Mass Tort Litigation / Class Actions--Defendants; Mergers & Acquisitions Law; Municipal Law; Personal Injury Litigation Defendants; Product Liability Litigation--Defendants; Project Finance Law; Real Estate Law; Tax Law; Trusts & Estates Law.
Headquartered in Oakbrook Terrace, Illinois with offices in Atlanta, Boston, Chicago, Cedar Rapids and Louisville, the company advises closely held companies nationwide.
Currently a candidate for Juris Doctor at Lincoln Law School in San Jose, Khan specialises in banking for closely held companies in industries including contractors, manufacturers, non-profits, and professional service firms.
In May, DIRECTORS & BOARDS held its annual Private Company Governance Summit, which focused on the specific governance challenges of privately owned businesses, including closely held companies, family-owned businesses, and private equity-owned firms.
Reckenen provides audit, accounting and tax services to middle-market and closely held companies as well as non-profit institutions.
Investors with a minority equity interest in closely held companies require a variety of legal protections relating to the general operations of the business.