Closely Held

Closely Held - Closely held is a company or corporation, in which only a small number of their shareholders holds the majority of the voting stock. These companies and corporations are still traded publicly, even though their shares are normally not available to the public. Because there are very few shareholders in the company or corporation there are also very few shares available; therefore, they are very thinly, hardly, traded at all and usually considered to be inactive shares. By keeping their company closely held it prevents situations where the owners do not have control of how the company or corporation is managed.