Answered By: Reference Staff
Last Updated: Jun 28, 2017     Views: 60

A public company is a publicly traded company where stock holders own shares of a company. A public company must provide their financial information via an annual report to the Securities and Exchange Commission.

A private company is privately held company owned by an individual, a family, an investor or any sort of combination there in. Private companies are not required to share their financial information with anyone outside of their company.

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