ENTREPRENEURSHIP

Detailed explanation-1: -What is a Privately Held Company? A privately held company refers to a separate legal entity that is privately owned by its founders or investors or other stakeholders. The ownership of such companies might belong to a unit as small as an individual or family to as large as hundreds of investors together.

Detailed explanation-2: - Close Corporation: A privately-held corporation with a small number of shareholders, often members of the same family (a/k/a closely-held corporation). Public Corporation: A corporation formed by a government to serve some public purpose.

Detailed explanation-3: -What Is a Private Company? A private company is a firm held under private ownership. Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an initial public offering (IPO).

Detailed explanation-4: -A closed corporation is a company whose shares are held by a select few individuals who are usually closely associated with the business.

Detailed explanation-5: -A privately owned company does not have a share structure through which it raises capital, or its shares are being held and traded without using an exchange. Privately owned companies include family-owned businesses, sole proprietorships, and the vast majority of small and medium-sized companies.