Private company
Term · Law · MLC-T-LAW-003912
A business entity whose shares are not offered to the general public and are not traded on a public stock exchange. Ownership is held by a small number of shareholders, such as founders, family members, or a group of investors. Because they are not publicly traded, these companies are subject to fewer reporting and disclosure requirements under securities laws like the Securities Exchange Act of 1934.
| Identifier | MLC-T-LAW-003912 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003912",
"term": "Private company",
"field": "Law",
"definition": "A business entity whose shares are not offered to the general public and are not traded on a public stock exchange. Ownership is held by a small number of shareholders, such as founders, family members, or a group of investors. Because they are not publicly traded, these companies are subject to fewer reporting and disclosure requirements under securities laws like the Securities Exchange Act of 1934.",
"url": "https://mlchart.com/terminology/law/private-company/"
}
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