What Does Privately Held Corporation Mean?

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What does Privately Held Corporation mean? Read on to discover the definition & meaning of the term Privately Held Corporation - to help you better understand the language used in insurance policies.

Privately Held Corporation

Privately Held Corporation

A type of corporation whose shares are not for sale to the public. 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.

We hope the you have a better understanding of the meaning of Privately Held Corporation.

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