private company

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Related to private companies: Public companies

private company

a company that is not a PUBLIC COMPANY and that, as such, cannot offer its shares to the public.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
or establishing a simplification/targeted improvement project from scratch to address a specific concern, both groups have made substantial progress in improving accounting for private companies.
According to Rich Edsall senior vice president, commercial management liability at Argo Pro, the new Private Company PROtect product streamlines the insurers offerings to private companies by allowing them to pick and choose the policies that meet their needs.
It only works for the benefit of private companies, private hospitals, and the private insurance company," he said.
platform has introduced a Management Assurance Policy (MAP), which expanded its primary professional lines insurance offering for private companies.
Each alternative may offer substantial relief and cost savings for private companies as they perform their accounting.
Another senior official of the PMA told Dawn that some employees were recruited during last three years by the private companies and they sacked them after change of the government.
The FASB and GASB establish and improve financial accounting and reporting standards--known as Generally Accepted Accounting Principles, or GAAP--for public and private companies, not-for-profit organizations, and state and local governments in the United States.
Of particular note: the AlCPA's FRF for SMEs is explicitly 'non-GAAP', and so not relevant for private companies whose users, such as (but not limited to) lenders, sureties and others, require the private company to produce a set of audited GAAP financial statements.
Not all of the FASB standards are suitable for private companies. To address the distinct needs of private companies, the Financial Accounting Foundation Board of Trustees created the Private Company Council (PCC) in May 2012 to promulgate new standards and improve existing accounting standards for U.S.
This volume addresses, from a comparative law perspective, the debates and issues concerning the possible introduction of the European Private Company as a continent-wide legal status that would provide an additional layer of company law without interfering with national law (as most European countries are not prepared to harmonize the laws on private companies).
Despite growing concern about risks, private companies largely report wide gaps in coverage and lack of understanding about professional and management liability insurance, according to Chubb's 2013 Private Company Risk Survey.
The framework--known as "FRF for SME," for short--came about as a result of the frustrations the AICPA witnessed as the Financial Accounting Foundation continued to focus on public companies and not consider that differences exist for financial reporting for private companies.