Science Fair Project Encyclopedia
Private company
A private company is a company that is not a public company.
Private vs public companies
Private companies (in the sense that their shares are not publicly traded) generally have the advantage over public companies of lower compliance costs. For example, Part 2E of the Australian Corporations Act 2001 requires that public companies lodge certain documents relating to their Annual General Meeting with ASIC. However, they also generally have more restrictions on how many shareholders they may have. For example, section 113 of the Australian Corporations Act 2001 limits a private company to 50 non-employee shareholders.
External links
Last updated: 10-15-2005 22:21:54
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details