Definitions
There is 1 meaning of the phrase
Close Corporation.
Close Corporation - as a noun
A corporation owned by a few people; shares have no public market
Synonyms (Exact Relations)
closed corporationprivate corporationprivately held corporationHypernyms (Closely Related)
corpcorporation15Hyponyms (Broadly Related)
Example Sentences
"A close corporation is a type of business that has a limited number of shareholders."
"In a close corporation, the shares are typically held by a small group of individuals."
"One advantage of a close corporation is that it allows for greater control and decision-making power for the shareholders."
"To start a close corporation, the shareholders must file specific documents with the appropriate government agency."
"Shareholders of a close corporation may have restrictions on selling or transferring their shares."
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Phrases
closed corporation
