closely held company
noun[C]
ukus(alsoclosely held corporation);(alsoclose company)FINANCE,STOCK MARKET
acompanywhosesharesarepubliclytraded, but most of whosesharesareownedby fivepeopleor fewer:
Being acloselyheldcompanymeansbeingableto takerisksandtrynew things - thecreativepartofbusiness.