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Definitions from WordNet

Definitions from the Web

Closed Corporation

Definition:

A closed corporation refers to a type of company that has a limited number of shareholders and its shares are not publicly traded on a stock exchange. The ownership of the corporation is usually restricted to a small group of individuals.

Senses and Usages:

Sense 1:

In a legal sense, a closed corporation is a privately held company where shares can only be transferred with the agreement of existing shareholders.

Example Sentence: She wanted to join the closed corporation, but couldn't invest the required minimum amount of shares.

Sense 2:

In a financial sense, a closed corporation may distribute profits only among its shareholders and not the general public.

Example Sentence: The closed corporation distributed quarterly dividends to its shareholders based on their percentage of ownership.

Sense 3:

In a business sense, a closed corporation entails a company that operates on a local or regional scale, serving a specific market or community.

Example Sentence: The closed corporation focused on providing high-quality products to the local community and quickly gained a loyal customer base.

Possible Related Products:

• Books on Closed Corporation
• Closed Corporation Legislation
• Business Models for Closed Corporations