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close corporation vs family business

family business vs close corporation

close corporation and family business both are nouns.

Word NounAdjectiveVerbAdverb
close corporation Yes No No No
family business Yes No No No
As nouns, family business is a hyponym of close corporation; that is, family business is a word with a more specific, narrower meaning than close corporation:
  • close corporation: a corporation owned by a few people; shares have no public market
  • family business: a corporation that is entirely owned by the members of a single family
close corporation (noun) family business (noun)
a corporation owned by a few people; shares have no public market a corporation that is entirely owned by the members of a single family
Difference between close corporation and family business

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