Q:
What are the characteristics of a private company?
A:
Quick Answer
Private companies are companies that are not publicly traded on an exchange market such as the New York Stock Exchange. They are typically owned by the founders of the company, current management or a private equity group.
Continue Reading
Credit:
Thomas Barwick
Stone
Getty Images
Full Answer
Private companies have some advantages over public companies. They are not required to file quarterly and annual earnings reports, and they don't have to disclose their financial information to the public. Additionally, private companies aren't required to follow generally accepted accounting principles or the Sarbanes-Oxley Act. Most private companies are small businesses, but some large private companies are included in the Fortune 500 list.
Learn more about Business ResourcesSources:
Related Questions
-
Q:
Do all companies allow paycheck statements to be viewed online?
A: Whether online paycheck statements are available depends on the specific company, so not all companies offer this convenience. Two companies that do make t... Full Answer >Filed Under: -
Q:
What do J.J. Keller & Associates do?
A: J.J. Keller & Associates provides products and services to companies to help them comply with government regulations, notes the company. It offers publicat... Full Answer >Filed Under: -
Q:
What does Select Staffing do?
A: Select Staffing is a company that provides contracted employees to its client companies to cover business and recruitment needs. As of 2015, the company is... Full Answer >Filed Under: -
Q:
How do you find information on businesses no longer in operation?
A: Visit the ABC News and Bankruptcy Data websites to search for a company or browse news related to companies involved with bankruptcy or no longer in busine... Full Answer >Filed Under:
You May Also Like
-
Q:
How do you contact J.B. Hunt trucking company?
-
Q:
Where can you find information about the Foley Belsaw company?
-
Q:
What are characteristics of spirogyra?
-
Q:
How do you read a 10-year gold price chart?
-
Q:
What are characteristics of the best prepaid phone service?
-
Q:
Are there any 24-hour walk-in clinics in Calgary?
