A Close Corporation, also known as a Closely Held Corporation, is a type of corporation in which stock is publicly limited to a small group of investors, often involving tighter control and fewer regulations compared to large public corporations.
A closely held corporation in the USA is a public corporation that has a limited number of stockholders, with relatively few of its shares actively traded.
Constructive dividend involves the disallowance or reclassification of a transaction between a closely held corporation and a shareholder, often recharacterizing a loan to a stockholder as a dividend.
