close corporation

Noun

A corporation with a limited number of shareholders and whose shares are not publicly traded.

ریشه

The word 'close' means 'limited' or 'restricted'. 'Corporation' refers to a legal entity.

مثال

• The family business operates as a close corporation, with only family members as shareholders.
• Close corporations often have more flexibility in decision-making compared to public corporations.
• Investing in a close corporation can be riskier as the shares are not publicly traded.

ترکیب‌های رایج

Operate as a close corporation Form a close corporation Invest in a close corporation Restructure a close corporation