CLOSED CORPORATION
(noun)Definitions
There is 1 meaning of the phrase
Closed Corporation.
Closed Corporation - as a noun
A corporation owned by a few people; shares have no public market
Synonyms (Exact Relations)
close corporationprivate corporationprivately held corporationHypernyms (Closely Related)
corpcorporationHyponyms (Broadly Related)
Example Sentences
"A closed corporation is a type of business organization with a limited number of shareholders."
"In a closed corporation, the shares are not publicly traded on a stock exchange."
"The shareholders of a closed corporation have limited liability for the company's debts."
"To become a shareholder of a closed corporation, one usually needs to be invited by existing shareholders."
"The closed corporation board voted unanimously to approve the budget for the coming fiscal year."
