Difference between private and public company. Private vs. Public Company: An Overview
A private company is a company held in private hands. This means that, in most cases, a company is owned by its founders, management, and/or a group of private investors. The public isn't privy to its business.
A public company is a company that has sold a portion of itself to the public via an initial public offering (IPO), meaning shareholders have a claim to part of the company's assets and profits.1 Public disclosure of business and financial activities and performance is required of public companies.
Both private and public companies can contribute to the financial health and well-being of economies and nations through their business activities, employment opportunities, and wealth building.
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