Answer:
Also called as a private company.
Step-by-step explanation:
- It is owned by an NGO or by a relatively small number of individuals like the shareholders of the company. Thus are referred to as the closely held corporations, the unquoted company, the unlisted company, and limited companies.
- The private ownership differs from state ownership, the privately owned companies are like the limited liability companies.
- As these privately-owned enterprises are owned by private investors and the shares are held as by the public agencies and the business surplus owned by the Sole proprietorship, Corporation or in the form of a Partnership