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closed corporation

/ˈkləʊzd ˌkɔːpəˈreɪʃən/

1 entry

phrase

/ˈkləʊzd ˌkɔːpəˈreɪʃən/C1formalbusiness
  • ruБизнес-структура, в которой акции принадлежат небольшой группе лиц, часто членам семьи или близким партнёрам, и не доступны для публичной торговли на фондовых биржах.

A business structure where shares are held by a small group of people, often family members or close associates, and are not available for public trading on stock exchanges.

  1. Privately held companyC1formal

    A corporation whose shares are held by a small group of people and are not available for public trading on a stock exchange.

    ruЗакрытая корпорация

    • The family business is a closed corporation with only three shareholders.
    • Closed corporations often have fewer reporting requirements than public companies.
    • Investors cannot buy shares in a closed corporation on the open market.