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closely held corporation

/ˈkloʊsli hɛld ˌkɔːrpəˈreɪʃən/

1 entry

phrase

/ˈkloʊsli hɛld ˌkɔːrpəˈreɪʃən/C1formalbusiness
  • ruКоммерческая организация, акции которой принадлежат небольшому числу лиц, часто членам семьи или тесной группе, и не торгуются на публичных фондовых биржах.

A business entity whose shares are owned by a small number of individuals, often family members or a tight-knit group, and are not traded on public stock exchanges.

  1. Privately owned companyC1formal

    A corporation whose shares are owned by a small number of people, often family members or a small group of investors, and are not traded on public stock exchanges.

    ruЧастная компания

    • The company is a closely held corporation, with all shares owned by the founding family.
    • Unlike public companies, a closely held corporation does not have to disclose its financial details to the public.
    • The board of directors of a closely held corporation often consists of the major shareholders.