Definitions for closed corporation
closed cor·po·ra·tion

Princeton's WordNetRate this definition:0.0 / 0 votes

1. closed corporation, close corporation, private corporation, privately held corporationnoun

   a corporation owned by a few people; shares have no public market

WikipediaRate this definition:0.0 / 0 votes

1. closed corporation

   A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for US$1,800,000,000,000 ($1.8 trillion) in revenues and employed 6.2 million people, according to Forbes. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (44%) and employed four million people. In 2004, the Forbes count of privately held U.S. businesses with at least $1 billion in revenue was 305.Separately, all non-government-owned companies are considered private enterprise. This sense includes both publicly traded and privately held companies, as their investors are individuals in the private sector.

ChatGPTRate this definition:0.0 / 0 votes

1. closed corporation

   A closed corporation, also known as a closely held or private corporation, is a business entity whose shares are held by a small group of individuals, often including the founders and early employees. Unlike public companies, their stocks are not traded on public exchanges and are not subject to stringent regulations of public corporations. The shareholders have disproportionate influence and decision-making authority, and the transfer of shares is often subject to restrictions.

Matched Categories

1. • Corporation

How to pronounce closed corporation?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say closed corporation in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of closed corporation in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of closed corporation in Pythagorean Numerology is: 4

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=closed corporation
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Closed_Corporation
3. ^ ChatGPT
   https://chat.openai.com