{"iri":"https://folio.openlegalstandard.org/RCbUubd1JjGvtMVS3kxGZxR","label":"Closely Held Company","sub_class_of":["https://folio.openlegalstandard.org/RCua1MtzwNcjfYov8VFcoV3"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Family Wealth Entity","alternative_labels":["Family-Owned Business"],"translations":{},"hidden_label":null,"definition":"A closely held company is a business entity in which a small group of shareholders controls the majority of shares. Typically, these shareholders are family members or close associates, and the company's shares are not publicly traded.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}