closely held corporation

• Société commerciale dont les actions appartiennent à un petit nombre de personnes, souvent des membres d'une famille ou d'un groupe restreint, et qui ne sont pas négociées sur les bourses publiques.

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.

   société fermée

   • 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.