Question

clarify the difference berween private company and public company.(any five ponnt)​

Answer 1

• A private company is a closely held one and requires at least two or more persons, for its formation. On the other hand, a public company is owned and traded publicly. It requires 7 or more persons for its set up.

Answer 2

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The public company refers to a company that is listed on a recognized stock exchange and its securities are traded publicly. A private company is one that is not listed on a stock exchange and its securities are held privately by its members.

@MissTranquillity