| NOUN | group | closed corporation, close corporation, private corporation, privately held corporation | a corporation owned by a few people |
|---|
| Meaning | A corporation owned by a few people; shares have no public market. | |
|---|---|---|
| Synonyms | close corporation, private corporation, privately held corporation | |
| Narrower | family business | A corporation that is entirely / entirely owned by the members of a single family |
| Broader | corporation, corp | A business firm whose articles of incorporation have been approved in some state |
| Spanish | SL, sociedad limitada | |
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