close corporation Antonyms
No Synonyms and anytonyms found
Meaning of close corporation
Wordnet
close corporation (n)
a corporation owned by a few people; shares have no public market
FAQs About the word close corporation
a corporation owned by a few people; shares have no public market
No synonyms found.
No antonyms found.
A close corporation, often abbreviated as "CC," is a type of business entity with a limited number of shareholders.
In a close corporation, shareholders typically have close relationships and may be involved in the daily operations of the company.
Close corporations are often family-owned businesses or small enterprises with a tight-knit group of owners.
Unlike publicly traded companies, close corporations are not required to disclose financial information to the public.
