What is another word for close corporation?
Pronunciation: [klˈə͡ʊs kˌɔːpəɹˈe͡ɪʃən] (IPA) 
A close corporation, also known as a closely held corporation or a private corporation, is a type of company that is owned by a small group of shareholders. There are several synonyms that can be used to describe this type of corporation, including family corporation, closely held company, and closely held corporation. Other synonyms that are commonly used include closely held business, closely held enterprise, and private enterprise. These terms all describe a company that is owned and operated by a small group of individuals rather than being publicly traded on a stock exchange. Close corporations are often used by family-owned businesses or small groups of investors who want to maintain control over their company.
