Closed Corporation

(redirected from Closely-Held Companies)
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Related to Closely-Held Companies: closely held 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 ?
Even though the new standard sets forth a disclosure set for publicly traded companies and a separate, reduced disclosure set for closely-held companies, these smaller companies may provide the more detailed disclosures of publicly traded companies if they so desire.
and overseas companies ranging from Fortune 100 corporations to small, private and closely-held companies.
Perry-Smith serves a diverse list of clients in many industries including financial services, manufacturing, health care, education, SEC registered companies, retirement plans, and many closely-held companies.