Closely held corporation
Term · Law · MLC-T-LAW-001025
A business entity whose ownership is concentrated among a small number of shareholders, often family members or a few individuals. These corporations do not offer their stock for public sale and are not traded on organized exchanges. Ownership restrictions and transfer limitations are common features of their corporate bylaws.
| Identifier | MLC-T-LAW-001025 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001025",
"term": "Closely held corporation",
"field": "Law",
"definition": "A business entity whose ownership is concentrated among a small number of shareholders, often family members or a few individuals. These corporations do not offer their stock for public sale and are not traded on organized exchanges. Ownership restrictions and transfer limitations are common features of their corporate bylaws.",
"url": "https://mlchart.com/terminology/law/closely-held-corporation/"
}
Record 853 of 5,445 in Law terminology (MLC-0107). Request the full dataset.