Even more closely. Closely is when you are close to someone or something. e.g. watching something closely or being closely related to somebody.
by MichaelToTheJ May 10, 2008
Get the closerly mug.(BUSINESS) a closely-held corporation has all or most of its stock owned by the management of the firm. In many cases, it has no stock at all (see "going public"), in which case it is a private company.
Usually people say "private corporation" to mean any company that is unaffiliated with the government, or any company run mainly for profit. It's impossible to buck this trend, so corporations with no issues of stock, or negligible amounts of stock held by the public, are called "private companies" despite the fact that not all companies are corporations. Cargill, Inc., for example, has annual revenues of $117 billion, but no shares available for trade. On the other hand, PricewaterhouseCoopers and Ernst & Young are private companies but not a corporations. They are limited liability partnerships. The term "closely held" would not apply to them since partnerships do not issue stock.
Usually people say "private corporation" to mean any company that is unaffiliated with the government, or any company run mainly for profit. It's impossible to buck this trend, so corporations with no issues of stock, or negligible amounts of stock held by the public, are called "private companies" despite the fact that not all companies are corporations. Cargill, Inc., for example, has annual revenues of $117 billion, but no shares available for trade. On the other hand, PricewaterhouseCoopers and Ernst & Young are private companies but not a corporations. They are limited liability partnerships. The term "closely held" would not apply to them since partnerships do not issue stock.
Koch Industries is a super-sized, closely held corporation with two owners--Charles and David Koch, heirs to the oil refiner Fred Koch. Thanks to this peculiar status, magazines like Forbes are not allowed to report ANY financial statistics of the company at all (sales figures are suspiciously rounded to "$100,000,000,000.00").
Publix Super Markets (at the other end of the spectrum) is closely held--by its 125,000 employees.
Publix Super Markets (at the other end of the spectrum) is closely held--by its 125,000 employees.
by Abu Yahya September 3, 2010
Get the closely held mug.A term used by those that are usually in deep shit, or leach off of another entities reputation. This is done by piggy backing off of another entity with a good reputation, so it falsely communicates a sense of "we know what we are doing."
FDA: We issued a letter to Whole Foods saying they f*cked up and mislabeled their food and it made a lot of people with allergies sick.
AMAZON: we're working closely with the FDA to get our shit together.
AMAZON: we're working closely with the FDA to get our shit together.
by whitekarp December 23, 2020
Get the working closely mug.Even though she didn’t say anything, that bitch was probably closetly happy that her manager got fired.
by ZMedical October 28, 2018
Get the closetly mug."I'm gonna cum, let me cum on your chest, will you?" Bachira whispered closely to Isagi, his breath lingering on the boy.
"I'm gonna cum, let me cum on your chest, will you?" Bachira whispered closely to Isagi, his breath lingering on the boy.
by Anon42283 March 3, 2024
Get the "I'm gonna cum, let me cum on your chest, will you?" Bachira whispered closely to Isagi, his breath lingering on the boy. mug.