Question

2. A private company is related with
(a) Private sector
(b) Public Sector
(c)Government sectos (d)Mixed sector​

Answer 1

Answer:

a)Private sectors

this is because an individual or group of individuals owns a company

Answer 2

The Private Company has the following features: ( Option - a )

• A private company can be established by a single individual or a group of individuals who takes the whole responsibility of the company.
• The profit or loss is also shared by the owner of the company.
• There are 4 main types of Private companies which are

1.) Limited Liability Partnership ( LLP )

2.) S-Corporation ( S-corps )

3.) C-Corporations ( C-corps )

4.) Sole Proprietorship

• All the above-stated companies have different sets of rules for members, taxation, and shareholders.
• As the private company is solely controlled by the individuals without the interference of the government, a private company comes under the 'Private Sector'.

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