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What Is a Closely Held Business? - Holbrook & Manter
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What Is a Closely Held Business? - Holbrook & Manter
What Is a Closely Held Business? If you’ve been navigating the world of business ownership, you’ve likely come across the term “closely held business.” But what exactly does it mean, and how does it impact business operations, structure, and tax strategy? At its core, a closely held business refers to a company where ownership is concentrated among a small group of individuals. These businesses often have a personalized, tight-knit structure tha…
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