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Private Corporation (Noun)

Meaning

A corporation owned by a few people; shares have no public market.

Classification

Nouns denoting groupings of people or objects.

Examples

  • The company was a private corporation, owned and controlled by the founding family, with no intention of going public.
  • As a private corporation, the business was not required to disclose its financial statements to the public.
  • The private corporation was able to make decisions quickly and efficiently, without needing to answer to external shareholders.
  • The family-owned private corporation had been in operation for over 50 years, with no plans to sell shares to the public.
  • The private corporation was exempt from many of the regulations that applied to publicly traded companies, giving it more flexibility to operate.

Synonyms

  • Close Corporation
  • Closed Corporation
  • Privately Held Corporation

Hypernyms

  • Corp
  • Corporation

Hyponyms

  • Family Business
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