private company

private company
noun
: a company under British law restricting the right of its stockholders to transfer their shares, limiting its members to 50 exclusive of shareholders who are present or former employees, and not inviting the public to subscribe for any shares or debentures

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Brit.
a company whose shareholders may not exceed 50 in number and whose shares may not be offered for public subscription. Cf. public company.
[1905-10]

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private company noun
A company whose shares may not be offered to the general public
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Main Entry: ↑private

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private company UK US noun [countable] [singular private company plural private companies] business
a company owned by a person or group of people who do not sell shares (=the right to share profits) to the public
Thesaurus: general types of business or companyhypernym general words for business people and managershyponym

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ˌprivate ˈcompany [private company] (also ˌprivate ˌlimited ˈcompany) noun (business)
a business that may not offer its shares for sale to the public

Useful english dictionary. 2012.

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