A corporation where the stock is held by a small number of shareholders and not publicly traded. See close corporation.
Related Legal Terms & Definitions
- S CORPORATION The name used to describe a common type of for-profit corporation that is organized under…
- STOCK CERTIFICATE A printed document that represents proof of ownership of shares of stock of a corporation.…
- DE FACTO CORPORATION A corporation in fact. A company that hasn't completed all of the steps that are…
- TREASURY STOCK Corporate stock that was issued and reacquired by the corporation and held in the corporation's…
- SHAREHOLDERS MEETING Meetings of the shareholders of a corporation for reporting purposes or voting. Elections are usually…
- STOCKHOLDER A person who owns shares of stock in a corporation or Joint-stock company. See Mills…
- CLOSE CORPORATION This refers to a corporation that usually privately owned and operated by a few persons,…
- SHAREHOLDER A person (which may be a corporation) who owns a portion of a for-profit corporation.…