Family Wealth Entity

Closely Held Company - 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.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/RCbUubd1JjGvtMVS3kxGZxR
Label (rdfs): Closely Held Company
Preferred Label: Family Wealth Entity
Alternative Labels: Family-Owned Business
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Definition and Examples

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.
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Translations

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Class Relationships

Sub Class Of: Business Entity Characteristics
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Additional Information

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Deprecated: False

Metadata

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