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Private company

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A privately held company is a company which is not quoted on stock exchanges, and its stocks cannot be openly bought or sold. Often it is owned by a family or a small group of Shareholders. Private companies are often small, but some are amongst the largest companies in the world.[1] Many public companies started life as private companies. In the United States, private companies are held to different auditing standards than are public companies.[2] Private companies do not have to file with the U.S. Securities and Exchange Commission (SEC).[3] This makes it harder to find financial information on private companies.