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Closely Held Corporation Definition Form

Closely Held Corporation Definition Form

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so what is a closely held business a privately held business and a publicly held business well these um terms are definitional in nature but they um they simply describe certain types of business entities or the characteristics of the their ownership or their um their expanse of ownership okay so let's start with the closely held business and the privately held business well a privately held business means uh that the business is not publicly traded that is its ownership units whatever they may be shares um Etc are not traded on some public exchange like the New York Stock Exchange for example um and capable of uh purchasing that manner okay they are privately held by individuals they um have not gone through the registra likely have not gone through the registration requirements with the Securities Exchange Commission um there are certain registration requirements when a privately held business gets the be a certain size um but by and large um they haven't gone through

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