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