closed corporation

(redirected from Closely Held Companies)
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Related to Closely Held Companies: Public corporation, Privately held companies

Closed corporation

A corporation whose shares are owned by just a few people, having no public market.

Closed Corporation

A company in which a small group of shareholders controls the majority of the shares. These majority shareholders tend to hold on to the company's stock, and, for that reason, only minority shares are traded, leading to light trade volume. Closed corporations are, by their nature, resistant to hostile takeovers and proxy wars. They tend to be more stable than other companies because their share prices are not determined by (sometimes irrational) investment decisions, but by the value of the company itself. However, closed corporations do not have access to as much working capital as corporations with more shareholders. They are also called closely held companies.

closed corporation

References in periodicals archive ?
CPC was established in June 1997 to address the professional needs of those members in private and closely held companies, and to provide a voice for their interests, both within FEI and externally--before appropriate governmental and regulatory bodies.
Many closely held companies are considered small to middle market companies; they exhibit specific attributes that distinguish them from their larger publicly traded counterparts.
Development Group, an association of closely held companies, announced today it has completed the sale of certain mature assets and ownership interest as part of a plan to focus on higher growth opportunities.
For many closely held companies, the LLC and LLP are attractive organizational alternatives to S corporations, general and limited partnerships and professional corporations.
3 billion, including listed securities, private placements, and closely held companies.
The firm annually serves more than 1,000 clients ranging from closely held companies to Global 500 corporations.
Olson brings more than 20 years of expertise in investment planning for individuals, closely held companies and their foundations to add value at all stages of the investment management process.
PKF Texas tax professionals work with public and closely held companies that have domestic and international interests.
He has been involved extensively with all aspects of accounting, taxation and management advisory services related to closely held companies.
Although we are a boutique firm, Strategic Equity Group's access to a vast network of potential buyers, both institutional and industry-specific, and other advisors and intermediaries across the country, means that SEG can bring muscle and clout into a deal involving closely held companies," noted Ellington.
Founded in 1962, Blackman Kallick Bartelstein LLP 's more than 200 employees serve publicly traded and closely held companies conducting business in local, regional and national markets, as well as those with multi-national operations, alliances and customers.
They selected the 10 award winners out of 68 closely held companies that were invited to present their business plans at the conference.