State Ownership Vs. Private Ownership
In the broadest sense, the term private corporation refers to any business not owned by the state. This usage is often found in former Communist countries to differentiate from former state-owned enterprises, but it may be used anywhere when contrasting to a state-owned company.
In the United States, the term privately held company is more often used to describe for-profit enterprises whose shares are not traded on the stock market.
Read more about this topic: Privately Held Company
Famous quotes containing the words state, ownership and/or private:
“Here in England the welfare of the State depends on the conduct of our aristocracy.”
—Anthony Trollope (1815–1882)
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—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“I believe that what so saddens the reformer is not his sympathy with his fellows in distress, but, though he be the holiest son of God, is his private ail. Let this be righted, let the spring come to him, the morning rise over his couch, and he will forsake his generous companions without apology.”
—Henry David Thoreau (1817–1862)