a company whose shareholders may not exceed 50 in number and whose shares may not be offered for public subscription.
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Compare public company.
Origin of private company
First recorded in 1905–10
Words nearby private company
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
British Dictionary definitions for private company
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012