Closely held corporation

Closely held corporation is a corporation that is so small that their common stocks are not actively traded; they are owned by only a few people, usually the companies' managers.

Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Closely held corporation. Refers to companies that are so small that their common stocks are not actively traded; they are owned by only a few people, usually the companies' managers.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Closely held corporation. A corporation that is owned by a few individuals who are typically associated with the firm's management.

According to Management by Robbins and Coulter (14th edition),

Closely held corporation. A corporation owned by a limited number of people who do not trade the stock publicly.

Related concepts

• Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.

Related lectures

• Introduction to Financial Management.