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What is a New Jersey "Closely Held Company?"

A New Jersey closely-held company is a company that:

  1. involves only a few shareholders;
  2. the shareholders are also employees of the business; and
  3. the company files an "s" corporation tax election.

Learn more about New Jersey closely held companies in "The New York and New Jersey Partnership Dispute Guide".

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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