closely held corporation

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Firm (1) whose most (but not all) issued shares are held by a family or a small group of investors, (2) the number of its shares held by the outsiders or public is large enough to provide a basis for it to be listed on a stock exchange. See also closed corporation.

Use 'closely held corporation' in a Sentence

If you are working in a closely held corporation then you may have to contact the shareholders before you make a decision.
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They were a closely held corporation and I think that was good because those types of organizations always last longer.
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The Smith Corporation has been a closely held corporation since its founding, and shares are held only by the direct descendants of Elias Smith and their spouses.
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