Closely Held Corporation (Noun)
Meaning
Stock is publicly traded but most is held by a few shareholders who have no plans to sell.
Classification
Nouns denoting groupings of people or objects.
Examples
- The company's stock is publicly traded, but it is essentially a closely held corporation, with the majority of shares held by a handful of key executives.
- Despite being listed on the exchange, the company functions as a closely held corporation, with a small group of shareholders controlling the majority of the stock.
- The family-owned business has been a closely held corporation for decades, with most of the stock held by family members who have no intention of selling.
- Although the company went public, it still operates as a closely held corporation, with a few major shareholders holding the majority of the outstanding shares.
- The company's founders continue to control the business as a closely held corporation, with the majority of the publicly traded stock locked up by a small group of long-term shareholders.