explain brefily private company and public
Answers
Answer:
private company is the comoany that is own by an individual and public company is owned by the government
Answer:
Definition of private company and public company are :
Explanation:
Private company : In this type of company there are mainly two or more partners running the business. In the name of the company the word private is suffixed, which clearly mentions that the company is a private company. Private companies shares are limited to its member only, they are not issued in the stock market. The sources of financial help is limited to the company l, the company only takes help from the financial institutes like banks etc. Number of maximum partners limit is only 10.
Public company : In which type of company the minimum limit of of members is 10. It is not compulsory that the word private should be suffixed after the company's name. The company is open to all and the shares are sold in the stock market which is also source of income. The maximum number of member is 100.