Definitions from the Web
Closely Held Corporation
Description:
A closely held corporation refers to a business entity in which a relatively small number of shareholders hold the majority of the company's stock. Unlike publicly traded corporations, the shares of a closely held corporation are not openly traded on the stock market.
Sample Sentences:
- The closely held corporation is owned by a small group of individuals who have a significant stake in the business.
- Since closely held corporations have a limited number of shareholders, decision-making processes are often more streamlined compared to publicly traded companies.
- Being a shareholder in a closely held corporation can sometimes provide greater control and involvement in the company's operations.
- The closely held corporation takes pride in its ability to maintain a strong sense of community among its shareholders.
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