State Ownership Vs. Private Ownership
In the broadest sense, the term private corporation refers to any business not owned by the state. This usage is often found in former Communist countries to differentiate from former state-owned enterprises, but it may be used anywhere when contrasting to a state-owned company.
In the United States, the term privately held company is more often used to describe for-profit enterprises whose shares are not traded on the stock market.
Read more about this topic: Privately Held Company
Famous quotes containing the words state, ownership and/or private:
“A ship is a bit of terra firma cut off from the main; it is a state in itself; and the captain is its king.”
—Herman Melville (1819–1891)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“The others “acted” a role; I was the role. She who was Mary Garden died that it might live. That was my genius ... and my sacrifice. It drained off so much of me that by comparison my private life was empty. I could not give myself completely twice.”
—Mary Garden (1874–1967)