Private Company defined: A private company is a company or corporation whose ownership is private. A private company does not have to meet the Securities and Exchange Commission filing requirements of public companies. Private companies issue stock and have shareholders but their shares do not trade on public exchanges and are not issued to the general public. A private company is treated as a single legal entity with rights and liabilities separate from its owners. Owners and other private investors are shareholders in the private company.
Above is a definition for “Private Company” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
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