The-definition.com

Definition

Close corporation

Close corporation is a corporation whose stock cannot be purchased by the general public: it is usually owned by a few individuals.

Share it:  Cite

More from this Section

  • Employment displacement
    Employment displacement occurs when an employee is terminated as a result of position ...
  • Pay Grade Wage Curve
    Pay Grade Wage Curve is a pay grade is comprised of jobs of approximately equal difficulty. ...
  • Paired comparison
    Paired comparison is a form of rating, in which the rater compares, one by one, the performance ...
  • Economic Strike
    Economic Strike is a strike that results from a failure to agree on the terms of a contract ...
  • Equal Treatment
    Equal Treatment is a legal doctrine used in discharge cases to determine whether an employer’s ...