What does closely held corporation mean?
Definitions for closely held corporation
close·ly held cor·po·ra·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word closely held corporation.
Princeton's WordNet
closely held corporationnoun
stock is publicly traded but most is held by a few shareholders who have no plans to sell
Wikipedia
closely held 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.
ChatGPT
closely held corporation
A closely held corporation is a type of business structure that is privately held, with a limited number of shareholders and stocks that are not publicly traded. Often, the majority of shares in a closely held corporation are held by a small group of individuals, typically family members, founders, or business partners. This type of corporation's structure allows for more privacy and a more hands-on management approach.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of closely held corporation in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of closely held corporation in Pythagorean Numerology is: 3
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"closely held corporation." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/closely+held+corporation>.
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