{"Term":"Close company","Definition":"\u003cp\u003eA close company is one which is controlled by a small group of shareholders.  This generally means 5 or fewer individuals or trustees must ultimately hold more than 50% of the voting interests (or the market value interests) in the company. Individuals who are associated persons can count as 1 individual. \u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}