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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“Private company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/private%20company. Accessed 23 Nov. 2024.
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