Private Corporation
/ˈpraɪvɪt ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A corporation privately owned and operated, not owned by the government or publicly traded on stock exchanges.
The private corporation expanded its operations overseas to increase market share.
Forms
- private corporation
- private corporations
Related terms
See also
Commentary
A private corporation is distinct from public corporations due to ownership and disclosure requirements; drafting should clarify ownership structure and shareholder restrictions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.