Private Company

A private company is a business that is owned by a small group of individuals or entities and does not sell shares to the general public on stock exchanges. This means its ownership is not open for public investment, which allows for more control and privacy over operations and financial matters. Private companies often focus on long-term goals without the pressure of public market fluctuations. They can range from small family-owned businesses to large firms held by private equity. Because they aren't publicly traded, they have fewer regulatory requirements compared to public companies.