- a company whose shareholders may not exceed 50 in number and whose shares may not be offered for public subscription.
Compare public company.
Origin of private company
First recorded in 1905–10
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- a limited company that does not issue shares for public subscription and whose owners do not enjoy an unrestricted right to transfer their shareholdingsCompare public company