Learn the definition of closely held corporation and the qualifications and operation of a closely held corporation. This casebook covers the law of closely held businesses those with few owners such businesses face special problems when compared for example to . Any company that has only a limited number of shareholders closely held corporation stock is publicly traded on occasion but not on a regular basis. Generally a closely held corporation is a corporation that has more than 50 of the value of its outstanding stock owned directly or indirectly by 5 or . A privately held company private company or close corporation is a business company owned either by non governmental organizations or by a relatively small number
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