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1
Privately held company
Privately held company
::2014/08/12::
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2
D&O Insurance for a Privately Held Company, Part I
D&O Insurance for a Privately Held Company, Part I
::2013/05/02::
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3
Protect Your Privately Held Company
Protect Your Privately Held Company's Value: Twelve Timely Ideas & Strategies
::2013/11/26::
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4
Audited Financial Statements for Privately Held Companies
Audited Financial Statements for Privately Held Companies
::2013/07/24::
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5
Protect & Grow Your Privately Held Company
Protect & Grow Your Privately Held Company's Value
::2014/10/29::
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6
How to sell a privately held business or company - Jacksonville Florida
How to sell a privately held business or company - Jacksonville Florida
::2014/03/21::
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Stocks, Bonds & Investments : How to Invest in a Privately Held Company
Stocks, Bonds & Investments : How to Invest in a Privately Held Company
::2009/02/08::
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Incentive Pay Practices in Privately Held Companies
Incentive Pay Practices in Privately Held Companies
::2014/07/01::
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9
What methods are used to find intelligence on privately held companies? by Anand Sanwal
What methods are used to find intelligence on privately held companies? by Anand Sanwal
::2014/11/12::
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10
Verisk Analytics Gains on Deal to Buy Privately Held 3E Co. for $110 Million
Verisk Analytics Gains on Deal to Buy Privately Held 3E Co. for $110 Million
::2010/12/07::
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11
NASDAQ Finally Launches Its Market For Privately-Held Companies
NASDAQ Finally Launches Its Market For Privately-Held Companies
::2014/03/06::
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12
EpiConcept a privately held company
EpiConcept a privately held company
::2013/02/20::
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13
Ambit Energy - The Fastest Growing Privately Held Company
Ambit Energy - The Fastest Growing Privately Held Company
::2014/11/18::
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14
D&O Insurance for a Privately Held Company, Part 2
D&O Insurance for a Privately Held Company, Part 2
::2013/05/02::
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15
Inc  500 Magazines #1 Fastest Growing Privately Held Company as of 9 20101
Inc 500 Magazines #1 Fastest Growing Privately Held Company as of 9 20101
::2010/08/28::
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16
IBM Buys Privately Held Software Co. Datacap, Inc., Terms Undisclosed
IBM Buys Privately Held Software Co. Datacap, Inc., Terms Undisclosed
::2010/08/10::
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17
News Update: Valeant Pharmaceuticals Agreed To Buy A Privately Held Brazilian Pharmaceutical Company
News Update: Valeant Pharmaceuticals Agreed To Buy A Privately Held Brazilian Pharmaceutical Company
::2010/04/21::
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18
Topic: EvoShield is a privately held company located (voice)
Topic: EvoShield is a privately held company located (voice)
::2014/11/24::
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19
NASDAQ Finally Launches Its Market For Privately-Held Companies
NASDAQ Finally Launches Its Market For Privately-Held Companies
::2014/03/06::
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20
Using LexisNexis to Research Facebook (and other privately-held companies)
Using LexisNexis to Research Facebook (and other privately-held companies)
::2011/02/17::
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21
Stage 3 - How the Blackmore Process - can help you find privately held companies for sale.wmv
Stage 3 - How the Blackmore Process - can help you find privately held companies for sale.wmv
::2012/06/19::
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22
Panel on the differences in entrepreneurship between publicly-owned and privately held companies
Panel on the differences in entrepreneurship between publicly-owned and privately held companies
::2010/05/17::
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Privately Held Employee Owned Socially Responsible Business
Privately Held Employee Owned Socially Responsible Business
::2011/01/06::
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23 (Companies Act) What is Difference between Private Limited & Private sector Company
23 (Companies Act) What is Difference between Private Limited & Private sector Company
::2014/06/20::
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Victory Brewing Company Brewery Tour
Victory Brewing Company Brewery Tour
::2012/06/13::
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United Abrasives / SAIT Company Overview
United Abrasives / SAIT Company Overview
::2012/11/06::
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Dutch Tech Tools - Company Video
Dutch Tech Tools - Company Video
::2013/03/04::
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GL Communications Inc : Company Overview
GL Communications Inc : Company Overview
::2012/06/13::
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CVMR Corporation
CVMR Corporation
::2012/04/18::
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AMSOIL How It Is Made
AMSOIL How It Is Made
::2014/11/11::
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Value Proposition | Top Equipment Leasing Company | Balboa Capital
Value Proposition | Top Equipment Leasing Company | Balboa Capital
::2011/08/25::
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Google Buys Robot Company Boston Dynamics
Google Buys Robot Company Boston Dynamics
::2013/12/18::
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Balboa Capital Story | Leading Equipment Leasing Company
Balboa Capital Story | Leading Equipment Leasing Company
::2011/08/24::
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Stevens Transport Company Overview
Stevens Transport Company Overview
::2013/01/02::
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Our Investment Strategy | The Abella Group | A Warren Cassell Jr. Company
Our Investment Strategy | The Abella Group | A Warren Cassell Jr. Company
::2014/09/10::
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Sneak Peek: AMSOIL How It Is Made
Sneak Peek: AMSOIL How It Is Made
::2014/11/17::
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Creating companies that last: Dave Batcheller at TEDxGrandForks
Creating companies that last: Dave Batcheller at TEDxGrandForks
::2014/03/17::
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Jerome Lecat - Oracle OpenWorld 2014 - theCUBE Studio QLogic
Jerome Lecat - Oracle OpenWorld 2014 - theCUBE Studio QLogic
::2014/09/30::
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Go Daddy Superbowl Commercial 2014 - Bodybuilders!
Go Daddy Superbowl Commercial 2014 - Bodybuilders!
::2014/01/22::
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This Man From Mars Wants to Save Earth
This Man From Mars Wants to Save Earth
::2014/10/15::
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695 (Companies Act) What is Difference between Public sector & Private sector Company
695 (Companies Act) What is Difference between Public sector & Private sector Company
::2014/06/20::
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42
Lynn Grossman Owner Of Secret Road On Q Score
Lynn Grossman Owner Of Secret Road On Q Score
::2014/10/21::
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43
TECHNOPATH MANUFACTURING Irish Medical Technology Emerging Company of the Year 2012 (Overall Award)
TECHNOPATH MANUFACTURING Irish Medical Technology Emerging Company of the Year 2012 (Overall Award)
::2012/12/18::
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The 2012 CODA: The All-Electric Car from the All-Electric Car Company
The 2012 CODA: The All-Electric Car from the All-Electric Car Company
::2012/04/02::
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Christian Company Taking Obamacare to Supreme Court
Christian Company Taking Obamacare to Supreme Court
::2013/11/26::
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Using Factiva to Research Facebook (and other larger private companies)
Using Factiva to Research Facebook (and other larger private companies)
::2011/02/17::
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Introduction to ESOPs
Introduction to ESOPs
::2013/10/16::
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48
MLM - Network Marketing Company Ownership - Private/Public Traded?
MLM - Network Marketing Company Ownership - Private/Public Traded?
::2008/07/21::
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David Giuliani  CEO and co-founder, Pacific Bioscience Laboratories - WTIA TECH NW
David Giuliani CEO and co-founder, Pacific Bioscience Laboratories - WTIA TECH NW
::2010/09/30::
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Dean
Dean's Convocation: John Miller
::2013/01/23::
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RESULTS [51 .. 101]
From Wikipedia, the free encyclopedia
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A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are unquoted company and unlisted company.

Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for US$1.8 trillion in revenues and employed 6.2 million people, according to Forbes. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (44%) and employed 4 million people. In 2004, the Forbes' count of privately held U.S. businesses with at least $1 billion in revenue was 305.[1]

Cargill, Koch Industries, Bechtel, Publix, Pilot Corp., Deloitte Touche Tohmatsu (one of the members of the Big Four accounting firms), Hearst Corporation, S. C. Johnson, and Mars are among the largest privately held companies in the United States. KPMG, the UK accounting firms Ernst & Young and PricewaterhouseCoopers, IKEA, Trafigura, J C Bamford Excavators (JCB), Lidl, Aldi, LEGO, Bosch, Rolex and Victorinox are some examples of Europe's largest privately held companies.

State ownership vs. private ownership[edit]

In the broadest sense, the term private corporation refers to any business not owned by the state. This usage is often found in former communist countries to differentiate from former state-owned enterprises,[citation needed] but it may be used anywhere when contrasting to a state-owned company.

In the United States, the term privately held company is more often used to describe for-profit enterprises whose shares are not traded on the stock market.

Ownership of stock[edit]

In countries with public trading markets, a privately held business is generally taken to mean one whose ownership shares or interests are not publicly traded. Often, privately held companies are owned by the company founders and/or their families and heirs or by a small group of investors. Sometimes employees also hold shares of private companies.[2][page needed] Most small businesses are privately held.

Subsidiaries and joint ventures of publicly traded companies (for example, General Motors' Saturn Corporation), unless shares in the subsidiary itself are traded directly, have characteristics of both privately held companies and publicly traded companies. Such companies are usually subject to the same reporting requirements as privately held companies, but their assets, liabilities and activities are also included in the reports of their parent companies, as required by the accountancy and securities industry rules relating to groups of companies.

Form of organization[edit]

Private companies may be called corporations, limited companies, limited liability companies, unlimited companies, or other names, depending on where and how they are organized and structured. In the United States, but not generally in the United Kingdom, the term is also extended to partnerships, sole proprietorships or business trusts. Each of these categories may have additional requirements and restrictions that may impact reporting requirements, income tax liabilities, governmental obligations, employee relations, marketing opportunities, and other business obligations and decisions.

In many countries, there are forms of organization which are restricted to and are commonly used by private companies, for example the private company limited by shares in the United Kingdom (abbreviated Ltd) or private unlimited company and the proprietary limited company (abbreviated Pty Ltd) or unlimited proprietary company (abbreviated Pty) in Australia.

Reporting obligations and restrictions[edit]

Privately held companies generally have fewer or less comprehensive reporting requirements and obligations for transparency, via annual reports, etc. than publicly traded companies do. For example, in the United States, unlike in Europe[where?], privately held companies are not generally required to publish their financial statements. By not being required to disclose details about their operations and financial outlook, private companies are not forced to disclose information that may potentially be valuable to competitors and can avoid the immediate erosion of customer and stakeholder confidence in the event of financial duress. Further, with limited reporting requirements and shareholder expectations, private firms are afforded a greater operational flexibility by being able to focus on long term growth rather than quarterly earnings. In addition, private company executives may steer their ships without shareholder approval, allowing them to take significant action without delays.[3][4] In Australia, Part 2E of the Corporations Act 2001 requires that publicly traded companies file certain documents relating to their annual general meeting with the Australian Securities and Investments Commission. There is a similar requirement for large proprietary companies, which are required to lodge Form 388H to the ASIC containing their financial report. In the United States, private companies are held to different accounting auditing standards than are public companies, overseen by the Private Company Counsel division of FASB.(see external links)

Researching private companies and private companies' financials can involve contacting the Secretary of State for the state of incorporation (or for LLC or partnership, state of formation), or using specialized private company databases such as Dun & Bradstreet or PrivCo.(see external links) Other companies, like Sageworks, provide aggregated data on privately held companies, segmented by industry code.[5]

Privately held companies also sometimes have restrictions on how many shareholders they may have. For example, the U.S. Securities Exchange Act of 1934, section 12(g), limits a privately held company, generally, to fewer than 2000 shareholders, and the U.S. Investment Company Act of 1940, requires registration of investment companies that have more than 100 holders. In Australia, section 113 of the Corporations Act 2001 limits a privately held company to fifty non-employee shareholders.

Privately owned enterprise[edit]

A privately owned enterprise refers to a commercial enterprise that is owned by private investors, shareholders or owners (usually collectively, but they can be owned by a single individual), and is in contrast to state institutions, such as publicly owned enterprises and government agencies. Private enterprises comprise the private sector of an economy. An economic system that 1) contains a large private sector where privately run businesses are the backbone of the economy, and 2) business surplus is controlled by the owners, is referred to as capitalism. This contrasts with socialism, where industry is owned by the state or by all of the community in common. The act of taking assets into the private sector is referred to as privatization. The goal of private enterprise differs from other institutions, the major difference being private businesses exist solely to generate profit for the owners or shareholders.[6]

A privately owned enterprise is one form that private property may take.

Types of privately owned business[edit]

  • Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability of the debts incurred by the business. This form is usually relegated to small businesses.
  • Partnership: A partnership is a form of business in which two or more people operate for the common goal of making profit. Each partner has total and unlimited personal liability of the debts incurred by the partnership. There are three typical different types of classifications for partnerships: general partnerships, limited partnerships, and limited liability partnerships.
  • Corporation: A business corporation is a for-profit, limited liability or unlimited liability entity that has a separate legal personality from its members. A corporation is owned by multiple shareholders and is overseen by a board of directors, which hires the business's managerial staff. Corporate models have also been applied to the state sector in the form of Government-owned corporations. A corporation may be privately held (that is, close - that is, held by a few people) or publicly traded.

See also[edit]

References[edit]

  1. ^ Reifman, Shlomo; Murphy, Andrea D., eds. (6 Nov 2008). "America's Largest Private Companies". Forbes. 
  2. ^ Loewen, Jacoline (2008). Money Magnet: Attract Investors to Your Business. Canada: John Wiley & Sons. ISBN 9780470155752. 
  3. ^ "Introduction to Private Companies". Private Company Knowledge Bank. PrivCo. 
  4. ^ "Private Company Research". Business Reference Services. Library of Congress. 10 Jan 2013. 
  5. ^ Staff (1 Feb 2012). "Sageworks Private Company Data". Fox Business Network. 
  6. ^ Boaz, David. "Ownership Society". Cato Institute. Archived from the original on 16 Jun 2010. Retrieved 16 Nov 2010. 

External links[edit]

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