: a corporation whose stock is not publicly traded but held by a few persons (such as those in management)
Examples of close corporation in a Sentence
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So in the real world, people in your line of work either have or create an LLC, a loan-out corporation, a close corporation, an entity for the production.
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Gene Maddaus, Variety, 24 Mar. 2025
With very rare exceptions (such as Nevada's close corporation statute), charging orders are not authorized by statutes of a corporate nature, which includes Ohio professional associations.
—Jay Adkisson, Forbes, 20 Sep. 2021
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Gene Maddaus, Variety, 24 Mar. 2025
With very rare exceptions (such as Nevada's close corporation statute), charging orders are not authorized by statutes of a corporate nature, which includes Ohio professional associations.
—Jay Adkisson, Forbes, 20 Sep. 2021
Cite this Entry
“Close corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/close%20corporation. Accessed 8 Jul. 2025.
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