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Definition of Private company

Babylon English

company with a small number of stock-holders that does not receive any public funding and is exempt from handing in a balance sheet to the registry of companies
Private company Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are unquoted company and unlisted company.

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