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privately held corporation

A privately held corporation is a type of corporation whose shares are not for sale to the public.

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Rather, the shares of privately held companies are usually owned by a small group of persons—often, although not always, family members and/or senior executives and managers of the company. Unlike publicly held corporations, the shares of stock in privately held corporations are not listed on the major stock exchanges.

Related Terms

A publicly held corporation is a corporation whose shares of stock are held by and are available...