A company which is under the control of five or fewer participators, or of participators who are directors.
The legal definition of a closed company is one that is controlled by no more than five people who hold more than half the shares. A closed company must distribute a minimum percentage of profits as dividends. If it does not it will face tax penalties.
A close company is one controlled by five people or fewer or by its directors.
There are a number of classes of company. To be a close company, it must be controlled by no more than 5 shareholders. This covers most private companies in the UK. The term applies in such areas as capital gains and when claiming tax relief on a loan to buy shares in the company.
a company which is under the control of five or fewer people. There are subject to some special rules for tax purposes.
Companies under the control of five or fewer persons.
A company which is controlled by 5 or fewer shareholders, where the term "shareholders" include immediate members of their family. The majority of private companies are "Close". Ask the company auditors for confirmation if you are not sure.
A company generally in the United Kingdom but also found in other sterling area or Commonwealth countries which are controlled by no more than five persons or by its directors and treated differently from normal companies for tax purposes in that all or part of its undistributed after-tax profits may be apportioned, with certain exemptions, among its participating members or shareholders according to the proportion or percentage of interest in the company whereby the income is taxed on personal income even though it is not actually distributed.
Company controlled by five or fewer individuals, and not traded on the stock exchange.
A company which is controlled by 5 or fewer shareholders, treating any separate shareholders from the same immediate family as though they were one shareholder. The majority of private companies are "Close". Ask the company auditors for confirmation if you are not sure.
A company effectively controlled by not more than five shareholders.