Register now or log in to join your professional community.
Private corporation is a corporation in which the stock is issued to a limited number of shareholders and is not available to the public.
Public corporation is one that is authorized to sell its stock to the public.
private companies have limited finances and liabilities as well as limited paid-up capital.
public limited company floats shares in the market and have a board of director and public stakeholder in the management decision.
and we can say simply its "one man show " can deside every thing@privite like family Co & L.T.D Co
Public: have a stock and board of director and vote for desicion making
Public corporations sell stock to the public on an exchange.
In private companies/corporates, the senior management, key employees, and other individuals closely associated with the business are typically the stockholders.
A Private Compnay is one which restricts the rights to transfer it's shares if any. The shares are not easilty transferable i.e. there are restricitons on change in ownership of shares. Shares can not be floated or offered to public through a stock market. Private company is not eligible for listing in stock market.
A Public Company on the other hand does not restrict transfer of shares. Change of ownership of shares is easy. Shares can be offered to public and can be floated in a stock marekt in which the company is lsted.
Both comapnies have limited liability.
Privately-held companies are - no surprise here - privately held. This means that, in most cases, the company is owned by the company's founders, management or a group of private investors. A public company, on the other hand, is a company that has sold a portion of itself to the public via an initial public offering of some of its stock, meaning shareholders have claim to part of the company's assets and profits.
NOTE:corp. = corporation
There is a lot of difference betwee private and public corporation.They are:
Public Corporation A company whose securities are traded on a stock exchange and can be bought and sold by anyone
Private Corporation A company whose ownership is private. As a result, it does not need to meet the strict Securities and Exchange Commission as Public corporation.
Private corporation has limited capital as per the memorandum of Association.
Whereas the Public corporation has shares and debentures from public as per the Companies Act.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.