closed corporation Synonyms
No Synonyms and anytonyms found
closed corporation Meaning
Wordnet
closed corporation (n)
a corporation owned by a few people; shares have no public market
closed corporation Sentence Examples
- A closed corporation restricts ownership to a select group of shareholders.
- The shareholders of a closed corporation have limited liability for the company's debts.
- Closed corporations are not publicly traded on the stock market.
- Forming a closed corporation requires compliance with state laws and regulations.
- Closed corporations often have fewer shareholders compared to public companies.
- Shareholders in a closed corporation typically have a more direct influence on company decisions.
- The financial statements of a closed corporation may not be publicly disclosed.
- Transferring ownership shares in a closed corporation usually requires approval from existing shareholders.
- Closed corporations are commonly used for family businesses and small enterprises.
- Shareholders' meetings in a closed corporation are typically less formal compared to those of public companies.
FAQs About the word closed corporation
a corporation owned by a few people; shares have no public market
No synonyms found.
No antonyms found.
A closed corporation restricts ownership to a select group of shareholders.
The shareholders of a closed corporation have limited liability for the company's debts.
Closed corporations are not publicly traded on the stock market.
Forming a closed corporation requires compliance with state laws and regulations.
