142k views
4 votes
Explain the difference between a public and Private company. is it better for a company to be public or private

1 Answer

1 vote
In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
User Tom Wagstaff
by
6.4k points