What is Private company?
A '''privately held company''' is a [[company]] which is not publicly listed on a [[stock market]] and consequently cannot be openly bought or sold. Often it is owned by a family or a small group of [[shareholder]]s. Private companies are often small, but some are amongst the largest companies in the world.<ref>{{cite news | editor=Reifman, Shlomo |editor2=Murphy, Andrea D. | url=https://www.forbes.com/2008/11/03/largest-private-companies-biz-privates08-cx_sr_1103private_land.html | title=America's largest private companies | work=Forbes |date=6 Nov 2008 }}</ref> Many [[Public company|public companies]] started life as private companies. In the [[United States]], private companies are held to different [[audit]]ing standards than are public companies.<ref>{{cite web |url=http://www.privco.com/knowledge-bank/intro-to-private-companies |title=Introduction to Private Companies |publisher=PrivCo |access-date=9 July 2015 |archive-date=20 March 2019 |archive-url=https://web.archive.org/web/20190320062355/http://www.privco.com/knowledge-bank/intro-to-private-companies/ |url-status=dead }}</ref> Private companies do not have to file with the [[U.S. Securities and Exchange Commission]] (SEC).<ref>{{cite web |url=https://www.loc.gov/rr/business/company/private.html |title=Private Company Research |date=19 March 2015 |publisher=The Library of Congress |access-date=9 July 2015}}</ref> This makes it harder to find [[financial]] information on private companies. == References == {{reflist}} {{-}} {{stub}} [[Category:Companies]]