Closely-Held Business

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

Note: The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.

Closely Held Business

(As of January 2008. Definitions and statutes may change after this date.)

A Closely-Held Business pertains to an organization in which ownership is held by a limited number of people rather than owned by the public at large.

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DouglasTurner.com. This column is not legal advice nor does it create an attorney-client relationship with the reader. Due to limited space, complex legal concepts and rules may be stated in terms of general concepts. Based on 2008 Colorado and Federal law. Consult legal counsel before acting on any information contained in this column.
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