The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CLOSELY HELD CORPORATION Definition & Legal Meaning

Definition & Citations:

(1). A firm whose shares are owned by a small group of investors or family. (2). A firm with a number of its shares owned by non-employees or the public that is large enough in shares to support its listing on a stock exchange. Refer also to closed corporation.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.