Close Company

Business, Legal & Accounting Glossary

Definition: Close Company


Close Company


Full Definition of Close Company


noun a privately owned company controlled by a few shareholders (in the UK, fewer than five) where the public may own a small number of the shares (NoteThe US term is close corporation or closed corporation.) a privately owned company controlled by a few shareholders (in the UK, fewer than five) where the public may own a small number of the shares


Cite Term


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Page URL
https://payrollheaven.com/define/close-company/
Modern Language Association (MLA):
Close Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/close-company/.
Chicago Manual of Style (CMS):
Close Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/close-company/ (accessed: December 06, 2021).
American Psychological Association (APA):
Close Company. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/close-company/

Definition Sources


Definitions for Close Company are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.