What does close corporation mean?
Definitions for close corporation
close cor·po·ra·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word close corporation.
Princeton's WordNet
closed corporation, close corporation, private corporation, privately held corporationnoun
a corporation owned by a few people; shares have no public market
ChatGPT
close corporation
A close corporation, also known as a closely held corporation, is a company that has a limited number of shareholders, typically less than 35, and is not traded on public exchanges. It is often owned and operated by a small group of businesspeople or families. These corporations typically have restrictions on the transfer of shares to prevent them from becoming publicly traded, and the shareholders often serve as the company's principal operators. In some jurisdictions, close corporations have more relaxed corporate governance rules, allowing shareholders more control over business operations compared to traditional corporations.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of close corporation in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of close corporation in Pythagorean Numerology is: 9
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"close corporation." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/close+corporation>.
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