Privately Held Company: Company, Companies Law, Stock Market, Public Company, Professional Services, Small Business, Types of Business Entity, Private Company Limited by Shares, Private Equity

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High Quality Content by WIKIPEDIA articles! The term privately held company or close corporation refers to the ownership of a business company in two different ways: first, referring to ownership by non-governmental organizations; and second, referring to ownership of the company's stock by a relatively small number of holders who do not trade the stock publicly on the stock market. Less ambiguous terms for a privately held company are unquoted company and unlisted company. Though less visible than their publicly traded counterparts, private companies have a major importance in the world's economy. In 2008, the 441 largest private companies in the USA accounted for $1.8 trillion in revenues and employed 6.2 million people, according to Forbes. In 2005, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' wo r $1.8 trillion in revenues and employed 6.2 million people, according to Forbes. In 2005, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services and employed 4 million people. In 2004, the Forbes' count of privately held U.S. businesses with at least $1 billion in revenue was 305.

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