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vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Added_links_to_the_10-K"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Added links to the 10-K</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-Added_links_to_the_10-K-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-State-owned_businesses" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#State-owned_businesses"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>State-owned businesses</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">3 comments</span> <ul id="toc-State-owned_businesses-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-The_definition" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#The_definition"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>The definition</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">4 comments</span> <ul id="toc-The_definition-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-USA_Definition_of_a_Public_Company" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#USA_Definition_of_a_Public_Company"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>USA Definition of a Public Company</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">2 comments</span> <ul id="toc-USA_Definition_of_a_Public_Company-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Yankee_Land_Specific" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Yankee_Land_Specific"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Yankee Land Specific</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-Yankee_Land_Specific-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Example_of_how_a_company_goes_public" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Example_of_how_a_company_goes_public"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>Example of how a company goes public</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">3 comments</span> <ul id="toc-Example_of_how_a_company_goes_public-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Advantages_and_disadvantages" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Advantages_and_disadvantages"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>Advantages and disadvantages</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">3 comments</span> <ul id="toc-Advantages_and_disadvantages-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Five_billion_shareholders?!" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Five_billion_shareholders?!"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>Five billion shareholders?!</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-Five_billion_shareholders?!-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-"Going_public"" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#"Going_public""> <div class="vector-toc-text"> <span class="vector-toc-numb">10</span> <span>"Going public"</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-"Going_public"-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-what_is_the_difference_between_an_public_and_private_company?" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#what_is_the_difference_between_an_public_and_private_company?"> <div class="vector-toc-text"> <span class="vector-toc-numb">11</span> <span><b>what is the difference between an public and private company?</b></span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-what_is_the_difference_between_an_public_and_private_company?-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN_OUT_ARTICLE" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN_OUT_ARTICLE"> <div class="vector-toc-text"> <span class="vector-toc-numb">12</span> <span>PLEASE PROVIDE SEC DEFINITION FOR PUBLIC COMPANY LIKE WIKIPEDIA DID FOR THE SPIN OUT ARTICLE</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN_OUT_ARTICLE-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-LLC?" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#LLC?"> <div class="vector-toc-text"> <span class="vector-toc-numb">13</span> <span>LLC?</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-LLC?-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Incorrect_synonyms._What_about_public_unlimited_companies?" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Incorrect_synonyms._What_about_public_unlimited_companies?"> <div class="vector-toc-text"> <span class="vector-toc-numb">14</span> <span>Incorrect synonyms. What about public unlimited companies?</span> </div> </a> <span class="ext-discussiontools-init-sidebar-meta">1 comment</span> <ul id="toc-Incorrect_synonyms._What_about_public_unlimited_companies?-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" title="Table of Contents" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Toggle the table of contents</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-namespace">Talk</span><span class="mw-page-title-separator">:</span><span class="mw-page-title-main">Public company</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang mw-portlet-lang-icon-only" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector-empty" aria-label="This article exist only in this language. 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class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><style data-mw-deduplicate="TemplateStyles:r1237879475">.mw-parser-output .tmbox{margin:4px 0;border-collapse:collapse;border:1px solid #c0c090;background-color:#f8eaba;box-sizing:border-box}.mw-parser-output .tmbox.mbox-small{font-size:88%;line-height:1.25em}.mw-parser-output .tmbox-speedy{border:2px solid #b32424;background-color:#fee7e6}.mw-parser-output .tmbox-delete{border:2px solid #b32424}.mw-parser-output .tmbox-content{border:2px solid #f28500}.mw-parser-output .tmbox-style{border:2px solid #fc3}.mw-parser-output .tmbox-move{border:2px solid #9932cc}.mw-parser-output .tmbox .mbox-text{border:none;padding:0.25em 0.9em;width:100%}.mw-parser-output .tmbox .mbox-image{border:none;padding:2px 0 2px 0.9em;text-align:center}.mw-parser-output .tmbox .mbox-imageright{border:none;padding:2px 0.9em 2px 0;text-align:center}.mw-parser-output .tmbox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .tmbox .mbox-invalid-type{text-align:center}@media(min-width:720px){.mw-parser-output .tmbox{margin:4px 10%}.mw-parser-output .tmbox.mbox-small{clear:right;float:right;margin:4px 0 4px 1em;width:238px}}@media screen{html.skin-theme-clientpref-night .mw-parser-output .tmbox{background-color:#2e2505}html.skin-theme-clientpref-night .mw-parser-output .tmbox-speedy{background-color:#310402}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .tmbox{background-color:#2e2505}html.skin-theme-clientpref-os .mw-parser-output .tmbox-speedy{background-color:#310402}}body.skin--responsive .mw-parser-output table.tmbox img{max-width:none!important}</style><style data-mw-deduplicate="TemplateStyles:r1230750088">.mw-parser-output .talkheader{text-align:center}.mw-parser-output .talkheader-body{display:flex}.mw-parser-output .talkheader-help,.mw-parser-output .talkheader-policies,.mw-parser-output .talkheader-shortcuts{display:flex;align-items:center;padding:0.1em}.mw-parser-output .talkheader-help{flex:2 1 auto;border:1px solid #c0c090;background-color:var(--background-color-base,#ffffff);color:inherit}.mw-parser-output .talkheader-policies{flex:1 1 auto}.mw-parser-output .talkheader-policies+.talkheader-policies{border-left:1px solid #c0c090}.mw-parser-output .talkheader-shortcuts{flex:0 1 auto}.mw-parser-output .talkheader-help>*,.mw-parser-output .talkheader-policies>*,.mw-parser-output .talkheader-shortcuts>*{flex:1 1 auto}.mw-parser-output .talkheader-help ul,.mw-parser-output .talkheader-policies ul{margin:0.1em 0.8em 0 1.6em;text-align:left}@media(min-width:720px){.mw-parser-output .talkheader{min-width:80%}}</style><table role="presentation" class="tmbox tmbox-notice talkheader plainlinks" id="talkheader" style="border-collapse: separate;"><tbody><tr> <td style="border-bottom: 1px solid #c0c090; font-weight: bold;">This is the <a href="/wiki/Wikipedia:Talk_page_guidelines" title="Wikipedia:Talk page guidelines">talk page</a> for discussing improvements to the <a href="/wiki/Public_company" title="Public company">Public company</a> article.<br /> This is <a href="/wiki/Wikipedia:What_Wikipedia_is_not#FORUM" title="Wikipedia:What Wikipedia is not">not a forum</a> for general discussion of the article's subject.</td> </tr> <tr> <td> <div class="talkheader-body"> <div class="talkheader-help"> <ul><li>Put new text under old text. <strong><a href="/wiki/Special:NewSection/Talk:Public_company" title="Special:NewSection/Talk:Public company">Click here to start a new topic.</a></strong></li> <li>New to Wikipedia? Welcome! <a href="/wiki/Help:Introduction" title="Help:Introduction">Learn to edit</a>; <a href="/wiki/Wikipedia:Questions" title="Wikipedia:Questions">get help</a>.</li></ul> </div> <div class="talkheader-policies"> <ul><li><a href="/wiki/Wikipedia:Assume_good_faith" title="Wikipedia:Assume good faith">Assume good faith</a></li> <li><a href="/wiki/Wikipedia:Civility" title="Wikipedia:Civility">Be polite</a> and <a href="/wiki/Wikipedia:No_personal_attacks" title="Wikipedia:No personal attacks">avoid personal attacks</a></li> <li><a href="/wiki/Wikipedia:Please_do_not_bite_the_newcomers" title="Wikipedia:Please do not bite the newcomers">Be welcoming to newcomers</a></li> <li>Seek <a href="/wiki/Wikipedia:Dispute_resolution_requests" title="Wikipedia:Dispute resolution requests">dispute resolution</a> if needed</li></ul> </div><div class="talkheader-policies"> <div><b>Article policies</b> <ul><li><a href="/wiki/Wikipedia:Neutral_point_of_view" title="Wikipedia:Neutral point of view">Neutral point of view</a></li> <li><a href="/wiki/Wikipedia:No_original_research" title="Wikipedia:No original research">No original research</a></li> <li><a href="/wiki/Wikipedia:Verifiability" title="Wikipedia:Verifiability">Verifiability</a></li></ul> </div> </div> </div> </td> </tr><tr><td style="border-top: 1px solid #c0c090; padding: 1px 3px;"><span class="plainlinks"><i>Find sources:</i> <a rel="nofollow" class="external text" href="https://www.google.com/search?as_eq=wikipedia&q=%22Public+company%22">Google</a> (<a rel="nofollow" class="external text" href="https://www.google.com/search?tbs=bks:1&q=%22Public+company%22+-wikipedia">books</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/search?tbm=nws&q=%22Public+company%22+-wikipedia&tbs=ar:1">news</a> <b>·</b> <a rel="nofollow" class="external text" href="https://scholar.google.com/scholar?q=%22Public+company%22">scholar</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/search?safe=off&tbs=sur:fmc&tbm=isch&q=%22Public+company%22+-site:wikipedia.org+-site:wikimedia.org">free images</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/custom?hl=en&cx=007734830908295939403%3Agalkqgoksq0&cof=FORID%3A13%3BAH%3Aleft%3BCX%3AWikipedia%2520Reference%2520Search&q=%22Public+company%22">WP refs</a>) <b>·</b> <span title="Free English newspaper sources" style="border-bottom: 1px dotted;"><a class="external text" href="https://en.wikipedia.org/wiki/Wikipedia:Free_English_newspaper_sources">FENS</a></span> <b>·</b> <a rel="nofollow" class="external text" href="https://www.jstor.org/action/doBasicSearch?Query=%22Public+company%22&acc=on&wc=on">JSTOR</a> <b>·</b> <span title="The Wikipedia Library" style="border-bottom: 1px dotted;"><a rel="nofollow" class="external text" href="https://wikipedialibrary.wmflabs.org/search/?q=%22Public+company%22">TWL</a></span></span></td></tr> </tbody></table> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1237879475" /><style data-mw-deduplicate="TemplateStyles:r1243927654">.mw-parser-output .banner-shell{border-collapse:separate;border-spacing:4px}.mw-parser-output .banner-shell-header{text-align:center;font-weight:bold}.mw-parser-output .banner-shell-inner{padding:2px 4px;background:#fffaef;color:inherit;border:1px dotted gray}@media screen{html.skin-theme-clientpref-night .mw-parser-output .banner-shell-inner{background:#2e2505}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .banner-shell-inner{background:#2e2505}}.mw-parser-output .banner-shell .tmbox{margin:2px 0;width:100%}.mw-parser-output .banner-shell .tmbox.mbox-small{line-height:1.5em;font-size:100%}.mw-parser-output .banner-shell-inner .banner-shell-outside{display:none}@media(min-width:720px){.mw-parser-output .wpbs{width:80%}}.mw-parser-output .wpbs .assess{width:60px;text-align:center}.mw-parser-output .wpbs .banner-shell-header{border:none;padding:0.25em 0.9em 0.25em 0}.mw-parser-output .wpbs .wpb .wpb-header{display:table-row}.mw-parser-output .wpbs .wpb:not(.mw-collapsed) .wpb-header-icon a{display:none}</style><table role="presentation" class="tmbox tmbox-notice banner-shell wpbs mw-collapsible"><tbody><tr><td class="assess"><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Symbol_start_class.svg" class="mw-file-description" title="Start-Class article"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/a/a4/Symbol_start_class.svg/35px-Symbol_start_class.svg.png" decoding="async" width="35" height="36" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/a/a4/Symbol_start_class.svg/53px-Symbol_start_class.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/a/a4/Symbol_start_class.svg/70px-Symbol_start_class.svg.png 2x" data-file-width="180" data-file-height="185" /></a></span></td><td class="banner-shell-header" style="text-align:left;font-weight:normal">This article is rated <b>Start-class</b> on Wikipedia's <a href="/wiki/Wikipedia:Content_assessment" title="Wikipedia:Content assessment">content assessment</a> scale.<br />It is of interest to the following <a href="/wiki/Wikipedia:WikiProject" title="Wikipedia:WikiProject">WikiProjects</a>:</td></tr><tr><td colspan="2" class="banner-shell-inner outercollapse"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1237879475" /><style data-mw-deduplicate="TemplateStyles:r1259570071">.mw-parser-output .wpb-header,.mw-parser-output .wpb-metadata,.mw-parser-output .wpb-iefix{display:none}.mw-parser-output .wpb-header-name{text-align:right;padding:0.3em 1em 0.3em 0.3em;width:50%;font-weight:bold}.mw-parser-output .wpb-header-assessment{text-align:left;width:50%;padding:0.3em}.mw-parser-output .wpb-header-combined{text-align:left;padding:0.3em 0.3em 0.3em 0;font-weight:bold}.mw-parser-output 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.class-c,.mw-parser-output .class-cl{background-color:#FFFFBE}.mw-parser-output .class-start{background-color:#FFDBBF}.mw-parser-output .class-stub,.mw-parser-output .class-sl{background-color:#FFC0C0}.mw-parser-output .class-list{background-color:#D2C0FF}.mw-parser-output .class-na{background-color:#F5F5F5}.mw-parser-output .class-category{background-color:#FFDB58}.mw-parser-output .class-disambig{background-color:#00FA9A}.mw-parser-output .class-draft{background-color:#E7B198}.mw-parser-output .class-file{background-color:#DDCCFF}.mw-parser-output .class-future{background-color:#B4BBFF}.mw-parser-output .class-portal{background-color:#DDB1BC}.mw-parser-output .class-project{background-color:#C0C090}.mw-parser-output .class-redirect{background-color:#C0C0C0}.mw-parser-output .class-sia{background-color:#E9DAFF}.mw-parser-output .class-user{background-color:#DDD06A}.mw-parser-output .class-template{background-color:#FBCEB1}.mw-parser-output .class-unassessed{background-color:#DCDCDC}.mw-parser-output .conflict{border:0.2em solid red}.mw-parser-output .inactive-wikiproject .wpb-header-bubbles{color:inherit}@media screen{html.skin-theme-clientpref-night .mw-parser-output .wpb-category-box{background-color:#0a0a0a}html.skin-theme-clientpref-night .mw-parser-output .wpbs .wpb .wpb-main,html.skin-theme-clientpref-night .mw-parser-output .wpbs .wpb-header{background-color:#302f2d}html.skin-theme-clientpref-night .mw-parser-output .wpbs .banner-shell-inner{background-color:#2e2505}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .wpb-category-box{background-color:#0a0a0a}html.skin-theme-clientpref-os .mw-parser-output .wpbs .wpb .wpb-main,html.skin-theme-clientpref-os .mw-parser-output .wpbs .wpb-header{background-color:#302f2d}html.skin-theme-clientpref-os .mw-parser-output .wpbs .banner-shell-inner{background-color:#2e2505}}</style><table class="tmbox tmbox-notice mw-collapsible innercollapse wpb wpb-table"><tbody><tr class="wpb-header"><td class="wpb-header-icon"><span typeof="mw:File"><a href="/wiki/File:Factory_1b.svg" class="mw-file-description"><img alt="WikiProject icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Factory_1b.svg/31px-Factory_1b.svg.png" decoding="async" width="31" height="25" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Factory_1b.svg/46px-Factory_1b.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Factory_1b.svg/61px-Factory_1b.svg.png 2x" data-file-width="400" data-file-height="329" /></a></span></td><td class="wpb-header-combined"><a href="/wiki/Wikipedia:WikiProject_Companies" title="Wikipedia:WikiProject Companies">Companies</a> </td></tr><tr><td class="mbox-text wpb-main" colspan="2"><table><tbody><tr><td class="mbox-image wpb-image"><span typeof="mw:File"><a href="/wiki/File:Factory_1b.svg" class="mw-file-description"><img alt="WikiProject icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Factory_1b.svg/80px-Factory_1b.svg.png" decoding="async" width="80" height="66" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Factory_1b.svg/120px-Factory_1b.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Factory_1b.svg/160px-Factory_1b.svg.png 2x" data-file-width="400" data-file-height="329" /></a></span></td><td class="mbox-text"><style data-mw-deduplicate="TemplateStyles:r1266661725">.mw-parser-output .portalbox{padding:0;margin:0.5em 0;display:table;box-sizing:border-box;max-width:175px;list-style:none}.mw-parser-output .portalborder{border:1px solid var(--border-color-base,#a2a9b1);padding:0.1em;background:var(--background-color-neutral-subtle,#f8f9fa)}.mw-parser-output .portalbox-entry{display:table-row;font-size:85%;line-height:110%;height:1.9em;font-style:italic;font-weight:bold}.mw-parser-output .portalbox-image{display:table-cell;padding:0.2em;vertical-align:middle;text-align:center}.mw-parser-output .portalbox-link{display:table-cell;padding:0.2em 0.2em 0.2em 0.3em;vertical-align:middle}@media(min-width:720px){.mw-parser-output .portalleft{margin:0.5em 1em 0.5em 0}.mw-parser-output .portalright{clear:right;float:right;margin:0.5em 0 0.5em 1em}}</style><ul role="navigation" aria-label="Portals" class="noprint portalbox portalborder portalright"> <li class="portalbox-entry"><span class="portalbox-image"><span class="noviewer" typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/28px-Industry5.svg.png" decoding="async" width="28" height="28" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/42px-Industry5.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/56px-Industry5.svg.png 2x" data-file-width="512" data-file-height="512" /></span></span></span><span class="portalbox-link"><a href="/wiki/Portal:Companies" title="Portal:Companies">Companies portal</a></span></li></ul>This article is within the scope of <b><a href="/wiki/Wikipedia:WikiProject_Companies" title="Wikipedia:WikiProject Companies">WikiProject Companies</a></b>, a collaborative effort to improve the coverage of <a href="/wiki/Company" title="Company">companies</a> on Wikipedia. If you would like to participate, please visit the project page, where you can join <a href="/wiki/Wikipedia_talk:WikiProject_Companies" title="Wikipedia talk:WikiProject Companies">the discussion</a> and see a list of open tasks.<span class="metadata wpb-metadata"><span class="wpb-project">Companies</span><span class="wpb-project_link">Wikipedia:WikiProject Companies</span><span class="wpb-banner_name">Template:WikiProject Companies</span><span class="wpb-assessment_cat">company</span></span></td><td class="mbox-empty-cell"></td></tr><tr><td class="assess import-unknown"><a href="/wiki/Category:Unknown-importance_company_articles" title="Category:Unknown-importance company articles">???</a></td><td class="mbox-text" colspan="2">This article has not yet received a rating on the <a href="/wiki/Wikipedia:WikiProject_Companies/Assessment#Importance_scale" title="Wikipedia:WikiProject Companies/Assessment">project's importance scale</a>.</td></tr><tr><td colspan="3" style="padding:0"><table class="mw-collapsible mw-collapsed" style="background:transparent;width:100%"><tbody><tr><th style="text-align:left;padding:0.2em 2px 0.2em 0">WikiProject Companies To-do:</th></tr><tr><td style="text-align:left;padding:5px;background-color:white;border:1px solid #c0c090;margin-top:5px"> <table style="background:none;color:inherit;width:auto;"> <tbody><tr> <td style="vertical-align:top;"> <span typeof="mw:File"><a href="/wiki/File:Nuvola_apps_korganizer.svg" class="mw-file-description"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/e/e6/Nuvola_apps_korganizer.svg/50px-Nuvola_apps_korganizer.svg.png" decoding="async" width="50" height="50" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/e/e6/Nuvola_apps_korganizer.svg/75px-Nuvola_apps_korganizer.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/e/e6/Nuvola_apps_korganizer.svg/100px-Nuvola_apps_korganizer.svg.png 2x" data-file-width="128" data-file-height="128" /></a></span><br /><div style="width: 55px; height: 0px;"></div> </td> <td> <div style="position: relative; left: 0px; margin-right: 0px; z-index: 15;">Here are some tasks awaiting attention: <ul style="font-size: 100%; margin: 0px; padding: 0.3em 0px 0.3em 25px;"> <li><b><i><a href="/wiki/Wikipedia:Requested_articles" title="Wikipedia:Requested articles">Article requests</a></i> :</b> <a href="/wiki/Wikipedia:Requested_articles/Business_and_economics/Companies" title="Wikipedia:Requested articles/Business and economics/Companies">Wikipedia:Requested articles/Business and economics/Companies</a></li><li><b><i><a href="/wiki/Wikipedia:Content_assessment" title="Wikipedia:Content assessment">Assess</a></i> :</b> <a href="/wiki/Category:Unassessed_company_articles" title="Category:Unassessed company articles">Category:Unassessed company articles</a></li><li><b><i><a href="/wiki/Wikipedia:Basic_copyediting" title="Wikipedia:Basic copyediting">Copyedit</a></i> :</b> <a href="/wiki/Category:Company_articles_needing_attention" title="Category:Company articles needing attention">Category:Company articles needing attention</a></li><li><b><i><a href="/wiki/Wikipedia:Manual_of_Style/Infoboxes" title="Wikipedia:Manual of Style/Infoboxes">Infobox</a></i> :</b> <a href="/wiki/Category:Company_articles_needing_infoboxes" title="Category:Company articles needing infoboxes">Category:Company articles needing infoboxes</a></li><li><b><i><a href="/wiki/Wikipedia:Maintenance" title="Wikipedia:Maintenance">Maintain</a></i> :</b> <a href="/wiki/Portal:Companies" title="Portal:Companies">Portal:Companies</a></li><li><b><i><a href="/wiki/Wikipedia:Stub" title="Wikipedia:Stub">Stubs</a></i> :</b> Help expand stub articles located at <a href="/wiki/Category:Company_stubs" title="Category:Company stubs">Category:Company stubs</a></li><li><b><i>Other</i> :</b> <div> <ul><li>Tag company articles with the <code>{{<a href="/wiki/Template:Portal" title="Template:Portal">portal</a>|Companies}}</code> template</li> <li>Tag company talk pages with the <code>{{<a href="/wiki/Template:WikiProject_Companies" title="Template:WikiProject Companies">WikiProject Companies</a>}}</code> project banner</li> <li>Answer <a href="/wiki/Wikipedia:Requests_for_comment/Economy,_trade,_and_companies" title="Wikipedia:Requests for comment/Economy, trade, and companies">requests for comments</a></li></ul> </div></li> </ul> </div> </td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1237879475" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1259570071" /><table class="tmbox tmbox-notice mw-collapsible innercollapse wpb wpb-table"><tbody><tr class="wpb-header"><td class="wpb-header-icon"><span typeof="mw:File"><a href="/wiki/File:WikiProject_Business_briefcase.svg" class="mw-file-description"><img alt="WikiProject icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/WikiProject_Business_briefcase.svg/35px-WikiProject_Business_briefcase.svg.png" decoding="async" width="35" height="25" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/WikiProject_Business_briefcase.svg/53px-WikiProject_Business_briefcase.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f3/WikiProject_Business_briefcase.svg/70px-WikiProject_Business_briefcase.svg.png 2x" data-file-width="458" data-file-height="330" /></a></span></td><td class="wpb-header-combined"><a href="/wiki/Wikipedia:WikiProject_Business" title="Wikipedia:WikiProject Business">Business</a> <span class="wpb-header-bubbles import-mid">Mid‑importance</span> <span class="wpb-header-bubbles"><span class="mw-default-size" typeof="mw:File"><span title="This article has been marked as needing immediate attention."><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f1/Diamond-caution.svg/20px-Diamond-caution.svg.png" decoding="async" width="20" height="20" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f1/Diamond-caution.svg/30px-Diamond-caution.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f1/Diamond-caution.svg/40px-Diamond-caution.svg.png 2x" data-file-width="520" data-file-height="520" /></span></span></span></td></tr><tr><td class="mbox-text wpb-main" colspan="2"><table><tbody><tr><td class="mbox-image wpb-image"><span typeof="mw:File"><a href="/wiki/File:WikiProject_Business_briefcase.svg" class="mw-file-description"><img alt="WikiProject icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/WikiProject_Business_briefcase.svg/80px-WikiProject_Business_briefcase.svg.png" decoding="async" width="80" height="58" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/WikiProject_Business_briefcase.svg/120px-WikiProject_Business_briefcase.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f3/WikiProject_Business_briefcase.svg/160px-WikiProject_Business_briefcase.svg.png 2x" data-file-width="458" data-file-height="330" /></a></span></td><td class="mbox-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1266661725" /><ul role="navigation" aria-label="Portals" class="noprint portalbox portalborder portalright"> <li class="portalbox-entry"><span class="portalbox-image"><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Emblem-money.svg" class="mw-file-description"><img alt="icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Emblem-money.svg/28px-Emblem-money.svg.png" decoding="async" width="28" height="28" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Emblem-money.svg/42px-Emblem-money.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Emblem-money.svg/56px-Emblem-money.svg.png 2x" data-file-width="48" data-file-height="48" /></a></span></span><span class="portalbox-link"><a href="/wiki/Portal:Business" title="Portal:Business">Business portal</a></span></li></ul>This article is within the scope of <b><a href="/wiki/Wikipedia:WikiProject_Business" title="Wikipedia:WikiProject Business">WikiProject Business</a></b>, a collaborative effort to improve the coverage of <a href="/wiki/Business" title="Business">business</a> articles on Wikipedia. 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I don't see what else could be said about it, so why is it a stub? <small class="autosigned">— Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/User:Kfj001" title="User:Kfj001">Kfj001</a> (<a href="/w/index.php?title=User_talk:Kfj001&action=edit&redlink=1" class="new" title="User talk:Kfj001 (page does not exist)">talk</a> • <a href="/wiki/Special:Contributions/Kfj001" title="Special:Contributions/Kfj001">contribs</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Kfj001-2006-01-20T04:14:00.000Z-Why_is_this_a_stub?" class="ext-discussiontools-init-timestamplink">04:14, 20 January 2006 (UTC)</a></small><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Kfj001-2006-01-20T04:14:00.000Z-Why_is_this_a_stub?"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Kfj001-2006-01-20T04:14:00.000Z-Why_is_this_a_stub?"></span> </p> <dl><dd><span data-mw-comment-start="" id="c-John_Broughton-2006-06-08T17:32:00.000Z-Kfj001-2006-01-20T04:14:00.000Z"></span>For those reading the above who might think about looking at the article: it's not a stub anymore. <a href="/wiki/User:John_Broughton" title="User:John Broughton">John Broughton</a> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-John_Broughton-2006-06-08T17:32:00.000Z-Kfj001-2006-01-20T04:14:00.000Z" class="ext-discussiontools-init-timestamplink">17:32, 8 June 2006 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-John_Broughton-2006-06-08T17:32:00.000Z-Kfj001-2006-01-20T04:14:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-John_Broughton-2006-06-08T17:32:00.000Z-Kfj001-2006-01-20T04:14:00.000Z"></span></dd></dl> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="Added_links_to_the_10-K" data-mw-thread-id="h-Added_links_to_the_10-K-2006-01-31T13:55:00.000Z"><span data-mw-comment-start="" id="h-Added_links_to_the_10-K-2006-01-31T13:55:00.000Z"></span>Added links to the 10-K<span data-mw-comment-end="h-Added_links_to_the_10-K-2006-01-31T13:55:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=2" title="Edit section: Added links to the 10-K"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Fugacity-2006-01-31T13:55:00.000Z-Added_links_to_the_10-K"></span>I came looking for information on the 10-K form, but didn't find it under this, the first topic I jumped to. I was forgetting the specific name of the form I had used in college to research a number of companies. Copied and pasted from <a href="/wiki/Form_10-K" title="Form 10-K">Form 10-K</a> on the Wikipedia with a minor edit to remove the redundant definition of the SEC. My first edit, hope all the rules have been satisfied. As an additional note to mods/editors, the See Also links to Private offering and Public offering are broken and perhaps should be removed and a link to relevant forms mentioned in the article added. I am not yet familiar enough with Wikipedia philosophy on these to do this as yet. <a href="/w/index.php?title=User:Fugacity&action=edit&redlink=1" class="new" title="User:Fugacity (page does not exist)">fugacity</a> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Fugacity-2006-01-31T13:55:00.000Z-Added_links_to_the_10-K" class="ext-discussiontools-init-timestamplink">13:55, 31 January 2006 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Fugacity-2006-01-31T13:55:00.000Z-Added_links_to_the_10-K"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Fugacity-2006-01-31T13:55:00.000Z-Added_links_to_the_10-K"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="State-owned_businesses" data-mw-thread-id="h-State-owned_businesses-2006-06-07T22:36:00.000Z"><span data-mw-comment-start="" id="h-State-owned_businesses-2006-06-07T22:36:00.000Z"></span>State-owned businesses<span data-mw-comment-end="h-State-owned_businesses-2006-06-07T22:36:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=3" title="Edit section: State-owned businesses"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Cedders-2006-06-07T22:36:00.000Z-State-owned_businesses"></span>I think that the explanation of why State-owned businesses are named "Public business" is just false. The State supposedly exists for and by the people, and so it represents and owns public things, simply because they are not private. <small><span class="autosigned">—Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/w/index.php?title=User:200.85.113.49&action=edit&redlink=1" class="new" title="User:200.85.113.49 (page does not exist)">200.85.113.49</a> (<a href="/w/index.php?title=User_talk:200.85.113.49&action=edit&redlink=1" class="new" title="User talk:200.85.113.49 (page does not exist)">talk</a> • <a href="/wiki/Special:Contributions/200.85.113.49" title="Special:Contributions/200.85.113.49">contribs</a>) </span></small> </p> <dl><dd>I noticed this too, and that the article doesn't cover this meaning anyway, so have link to <a href="/wiki/Public_ownership" class="mw-redirect" title="Public ownership">public ownership</a>. I would construe 'publicly-owned company' to mean the second, and 'publicly-listed company' to mean the first. --<a href="/wiki/User:Cedders" title="User:Cedders">Cedders</a><sup><a href="/wiki/User_talk:Cedders" title="User talk:Cedders">tk</a></sup> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Cedders-2006-06-07T22:36:00.000Z-State-owned_businesses" class="ext-discussiontools-init-timestamplink">22:36, 7 June 2006 (UTC)</a>.<span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Cedders-2006-06-07T22:36:00.000Z-State-owned_businesses"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Cedders-2006-06-07T22:36:00.000Z-State-owned_businesses"></span></dd></dl> <dl><dd><dl><dd><span data-mw-comment-start="" id="c-200.1.171.138-2006-09-06T13:49:00.000Z-Cedders-2006-06-07T22:36:00.000Z"></span>From my point of view, I do not agree with some explanation on this site. I mean, a private company which only issue security notes on the market (e.g. registery on SEC), must report the 10-K form to the SEC and must comply with Sarbanes-Oxley Act. Otherwise, the explanation of public company should be more open, including companies which the shares are held by privete owener and have notes on markets. Hugo Garvett 6 September 2006 <small class="autosigned">— Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/Special:Contributions/200.1.171.138" title="Special:Contributions/200.1.171.138">200.1.171.138</a> (<a href="/wiki/User_talk:200.1.171.138#top" title="User talk:200.1.171.138">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-200.1.171.138-2006-09-06T13:49:00.000Z-Cedders-2006-06-07T22:36:00.000Z" class="ext-discussiontools-init-timestamplink">13:49, 6 September 2006 (UTC)</a><span data-mw-comment-end="c-200.1.171.138-2006-09-06T13:49:00.000Z-Cedders-2006-06-07T22:36:00.000Z"></span></small><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-200.1.171.138-2006-09-06T13:49:00.000Z-Cedders-2006-06-07T22:36:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span></dd></dl></dd></dl> <dl><dd><dl><dd><dl><dd><span data-mw-comment-start="" id="c-Drebes-2009-10-14T13:19:00.000Z-200.1.171.138-2006-09-06T13:49:00.000Z"></span>While this may not be the meaning of the english version of the article, it is the exact (and only) meaning of the portuguese version linked as a translation, so I'm not sure if that link is correct or not as is. -- <a href="/wiki/User:Drebes" title="User:Drebes">Drebes</a> 14 October 2009. <span style="font-size: smaller;" class="autosigned">—Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">undated</a> comment added <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Drebes-2009-10-14T13:19:00.000Z-200.1.171.138-2006-09-06T13:49:00.000Z" class="ext-discussiontools-init-timestamplink">13:19, 14 October 2009 (UTC)</a>.<span data-mw-comment-end="c-Drebes-2009-10-14T13:19:00.000Z-200.1.171.138-2006-09-06T13:49:00.000Z"></span></span><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Drebes-2009-10-14T13:19:00.000Z-200.1.171.138-2006-09-06T13:49:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span></dd></dl></dd></dl></dd></dl> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="The_definition" data-mw-thread-id="h-The_definition-2006-11-13T14:47:00.000Z"><span data-mw-comment-start="" id="h-The_definition-2006-11-13T14:47:00.000Z"></span>The definition<span data-mw-comment-end="h-The_definition-2006-11-13T14:47:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=4" title="Edit section: The definition"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Arthur_Markham-2006-11-13T14:47:00.000Z-The_definition"></span>This may be a UK thing, so I am hesitant to change this straight away - but in the UK a "public company" means a company that has "plc" as a suffix to its name, and as a result of which: </p> <ul><li>Can offer its shares to the public (in particular, list them on a public exchange);</li> <li>Has more extensive regulatory disclosure requirements.</li></ul> <p>More generally (and colloquially), it means a company that actually does have its shares listed on a public exchange. It is the same meaning as what is currently in the <a href="/wiki/Public_limited_company" title="Public limited company">public limited company</a> article, which applies only to UK and Irish companies simply by virtue of the fact that the "plc" terminology is unique to them, However, the term "public company" is used more generally to include the same sort of company across the world. </p><p>The current definition in this article, of a company being owned by the public rather than a small group of individuals, is not the definition to my mind, so much as one of the common consequences of a company being public. This is sort of reflected in the rest of the article, which talks in corporate law terms. </p><p>What do people from outside the UK think about this? <a href="/w/index.php?title=User:Arthur_Markham&action=edit&redlink=1" class="new" title="User:Arthur Markham (page does not exist)">Arthur Markham</a> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Arthur_Markham-2006-11-13T14:47:00.000Z-The_definition" class="ext-discussiontools-init-timestamplink">14:47, 13 November 2006 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Arthur_Markham-2006-11-13T14:47:00.000Z-The_definition"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Arthur_Markham-2006-11-13T14:47:00.000Z-The_definition"></span> </p> <dl><dd><span data-mw-comment-start="" id="c-Tedbinger-2008-07-19T03:17:00.000Z-Arthur_Markham-2006-11-13T14:47:00.000Z"></span>Noting that there are three discussion topics addressing similar concerns, it appears that the phrase "public company" is rather vague and confusing depending upon the context. Having studied business associations within business and law classes in American higher education, I believe the following definitions are the most clear: a "public company" is any company created and owned by a government (e.g. federal, state, local, etc.), whereas a "private company" is any company created and owned by private individuals. A private company may be either a "closely held company" (or "close(d) company"), one with a small number of shareholders that are restricted from transferring/trading shares; or a "publicly held company" (or "open company"), one with a large number of shareholders that are free to transfer/trade shares. <a href="/w/index.php?title=User:Tedbinger&action=edit&redlink=1" class="new" title="User:Tedbinger (page does not exist)">Tedbinger</a> (<a href="/w/index.php?title=User_talk:Tedbinger&action=edit&redlink=1" class="new" title="User talk:Tedbinger (page does not exist)">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Tedbinger-2008-07-19T03:17:00.000Z-Arthur_Markham-2006-11-13T14:47:00.000Z" class="ext-discussiontools-init-timestamplink">03:17, 19 July 2008 (UTC)</a>Tedbinger<span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Tedbinger-2008-07-19T03:17:00.000Z-Arthur_Markham-2006-11-13T14:47:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Tedbinger-2008-07-19T03:17:00.000Z-Arthur_Markham-2006-11-13T14:47:00.000Z"></span></dd></dl> <dl><dd><dl><dd><span data-mw-comment-start="" id="c-Westmorlandia-2009-04-28T14:59:00.000Z-Tedbinger-2008-07-19T03:17:00.000Z"></span>That may be reasonably logical, but I don't think it's how the terms are used. I think that "public company" almost always means a company whose shares are publicly traded, not a company owned by the government. <a href="/w/index.php?title=User:Westmorlandia&action=edit&redlink=1" class="new" title="User:Westmorlandia (page does not exist)">Westmorlandia</a> (<a href="/wiki/User_talk:Westmorlandia" title="User talk:Westmorlandia">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Westmorlandia-2009-04-28T14:59:00.000Z-Tedbinger-2008-07-19T03:17:00.000Z" class="ext-discussiontools-init-timestamplink">14:59, 28 April 2009 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Westmorlandia-2009-04-28T14:59:00.000Z-Tedbinger-2008-07-19T03:17:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Westmorlandia-2009-04-28T14:59:00.000Z-Tedbinger-2008-07-19T03:17:00.000Z"></span></dd></dl></dd></dl> <dl><dd><dl><dd><dl><dd><span data-mw-comment-start="" id="c-Satori_Son-2009-04-28T18:14:00.000Z-Westmorlandia-2009-04-28T14:59:00.000Z"></span>I'm going to agree with Westmorlandia on this one. In common usage, the term "public company" is almost always used as the short form of "publicly held company". I do not recall having seen a company "created and owned by a government" referred to in this way, at least not in the US. That would be either a <a href="/wiki/Government-sponsored_enterprise" title="Government-sponsored enterprise">government-sponsored enterprise</a> or <a href="/wiki/Government-owned_corporation" class="mw-redirect" title="Government-owned corporation">government-owned corporation</a>, but not a "public company". — <span style="font-family:Palatino Linotype"><a href="/wiki/User:Satori_Son" title="User:Satori Son"><b>Satori Son</b></a></span> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Satori_Son-2009-04-28T18:14:00.000Z-Westmorlandia-2009-04-28T14:59:00.000Z" class="ext-discussiontools-init-timestamplink">18:14, 28 April 2009 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Satori_Son-2009-04-28T18:14:00.000Z-Westmorlandia-2009-04-28T14:59:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Satori_Son-2009-04-28T18:14:00.000Z-Westmorlandia-2009-04-28T14:59:00.000Z"></span></dd></dl></dd></dl></dd></dl> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="USA_Definition_of_a_Public_Company" data-mw-thread-id="h-USA_Definition_of_a_Public_Company-2007-01-08T20:39:00.000Z"><span data-mw-comment-start="" id="h-USA_Definition_of_a_Public_Company-2007-01-08T20:39:00.000Z"></span>USA Definition of a Public Company<span data-mw-comment-end="h-USA_Definition_of_a_Public_Company-2007-01-08T20:39:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=5" title="Edit section: USA Definition of a Public Company"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Forst_pineapple-2007-01-08T20:39:00.000Z-USA_Definition_of_a_Public_Company"></span>Could there be a short explanation of what, exactly, a Form S-1 is here? Or a link, perhaps? It is confusing to a layman such as myself as the definition is now. <a href="/wiki/User:Forst_pineapple" title="User:Forst pineapple">Forst pineapple</a> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Forst_pineapple-2007-01-08T20:39:00.000Z-USA_Definition_of_a_Public_Company" class="ext-discussiontools-init-timestamplink">20:39, 8 January 2007 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Forst_pineapple-2007-01-08T20:39:00.000Z-USA_Definition_of_a_Public_Company"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Forst_pineapple-2007-01-08T20:39:00.000Z-USA_Definition_of_a_Public_Company"></span> </p><p><span data-mw-comment-start="" id="c-Forst_pineapple-2007-01-13T22:17:00.000Z-USA_Definition_of_a_Public_Company"></span>Also, if someone who understood this better then I could clean up the stuff about a "reporting company" and explain what a reporting company *is*, this would be clearer. <a href="/wiki/User:Forst_pineapple" title="User:Forst pineapple">Forst</a> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Forst_pineapple-2007-01-13T22:17:00.000Z-USA_Definition_of_a_Public_Company" class="ext-discussiontools-init-timestamplink">22:17, 13 January 2007 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Forst_pineapple-2007-01-13T22:17:00.000Z-USA_Definition_of_a_Public_Company"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Forst_pineapple-2007-01-13T22:17:00.000Z-USA_Definition_of_a_Public_Company"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="Yankee_Land_Specific" data-mw-thread-id="h-Yankee_Land_Specific-2007-04-26T18:39:00.000Z"><span data-mw-comment-start="" id="h-Yankee_Land_Specific-2007-04-26T18:39:00.000Z"></span>Yankee Land Specific<span data-mw-comment-end="h-Yankee_Land_Specific-2007-04-26T18:39:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=6" title="Edit section: Yankee Land Specific"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-82.3.93.44-2007-04-26T18:39:00.000Z-Yankee_Land_Specific"></span>It should be noted that the "Public versus private companies" section (as well as other content on this page) is specific to <a href="/wiki/United_States" title="United States">Yankee Land</a> and is not a <a href="/w/index.php?title=The_US_is_the_world&action=edit&redlink=1" class="new" title="The US is the world (page does not exist)">world view</a>. <small class="autosigned">— Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/Special:Contributions/82.3.93.44" title="Special:Contributions/82.3.93.44">82.3.93.44</a> (<a href="/w/index.php?title=User_talk:82.3.93.44&action=edit&redlink=1" class="new" title="User talk:82.3.93.44 (page does not exist)">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-82.3.93.44-2007-04-26T18:39:00.000Z-Yankee_Land_Specific" class="ext-discussiontools-init-timestamplink">18:39, 26 April 2007 (UTC)</a></small><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-82.3.93.44-2007-04-26T18:39:00.000Z-Yankee_Land_Specific"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-82.3.93.44-2007-04-26T18:39:00.000Z-Yankee_Land_Specific"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="Example_of_how_a_company_goes_public" data-mw-thread-id="h-Example_of_how_a_company_goes_public-2008-01-11T06:56:00.000Z"><span data-mw-comment-start="" id="h-Example_of_how_a_company_goes_public-2008-01-11T06:56:00.000Z"></span>Example of how a company goes public<span data-mw-comment-end="h-Example_of_how_a_company_goes_public-2008-01-11T06:56:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=7" title="Edit section: Example of how a company goes public"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-206.126.163.20-2008-01-11T06:56:00.000Z-Example_of_how_a_company_goes_public"></span>There needs to be an example of how a company goes public. Specifically suppose someone has sole ownership of a company which company is worth $1 million in assets. This company generates $100,000 in revenue per year and $50,000 in profit per year. Now suppose this individual wishes to take his company public. Would number of shares be based on total value of all assets of the company, or something else? Now suppose the number of shares was determined to be 1 million. Could the individual only offer 1/2 shares for share when his company went public, thus ensuring that he retain at least 50% equity? - Yet the market cap would reflect his unsold shares and all other shares available to the public? <small>—Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/Special:Contributions/206.126.163.20" title="Special:Contributions/206.126.163.20">206.126.163.20</a> (<a href="/wiki/User_talk:206.126.163.20" title="User talk:206.126.163.20">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-206.126.163.20-2008-01-11T06:56:00.000Z-Example_of_how_a_company_goes_public" class="ext-discussiontools-init-timestamplink">06:56, 11 January 2008 (UTC)</a></small><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-206.126.163.20-2008-01-11T06:56:00.000Z-Example_of_how_a_company_goes_public"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-206.126.163.20-2008-01-11T06:56:00.000Z-Example_of_how_a_company_goes_public"></span> </p> <dl><dd><span data-mw-comment-start="" id="c-103.113.149.186-20240709073700-206.126.163.20-2008-01-11T06:56:00.000Z"></span>106:113:149: <a href="/wiki/Special:Contributions/103.113.149.186" title="Special:Contributions/103.113.149.186">103.113.149.186</a> (<a href="/w/index.php?title=User_talk:103.113.149.186&action=edit&redlink=1" class="new" title="User talk:103.113.149.186 (page does not exist)">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-103.113.149.186-20240709073700-206.126.163.20-2008-01-11T06:56:00.000Z" class="ext-discussiontools-init-timestamplink">07:37, 9 July 2024 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-103.113.149.186-20240709073700-206.126.163.20-2008-01-11T06:56:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-103.113.149.186-20240709073700-206.126.163.20-2008-01-11T06:56:00.000Z"></span> <dl><dd><i><span data-mw-comment-start="" id="c-182.232.105.44-20250228164900-103.113.149.186-20240709073700"></span>Italic</i> <a href="/wiki/Special:Contributions/182.232.105.44" title="Special:Contributions/182.232.105.44">182.232.105.44</a> (<a href="/w/index.php?title=User_talk:182.232.105.44&action=edit&redlink=1" class="new" title="User talk:182.232.105.44 (page does not exist)">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-182.232.105.44-20250228164900-103.113.149.186-20240709073700" class="ext-discussiontools-init-timestamplink">16:49, 28 February 2025 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-182.232.105.44-20250228164900-103.113.149.186-20240709073700"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-182.232.105.44-20250228164900-103.113.149.186-20240709073700"></span></dd></dl></dd></dl> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="Advantages_and_disadvantages" data-mw-thread-id="h-Advantages_and_disadvantages-2009-04-28T18:29:00.000Z"><span data-mw-comment-start="" id="h-Advantages_and_disadvantages-2009-04-28T18:29:00.000Z"></span>Advantages and disadvantages<span data-mw-comment-end="h-Advantages_and_disadvantages-2009-04-28T18:29:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=8" title="Edit section: Advantages and disadvantages"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Satori_Son-2009-04-28T18:29:00.000Z-Advantages_and_disadvantages"></span>Why is the "disadvantages" section just a list of more advantages? Shouldn't disadvantages be, well, disadvantages? Oh whatever, I'll change it myself. <small><span class="autosigned">—Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/w/index.php?title=User:Dstebbins&action=edit&redlink=1" class="new" title="User:Dstebbins (page does not exist)">Dstebbins</a> (<a href="/wiki/User_talk:Dstebbins" title="User talk:Dstebbins">talk</a> • <a href="/wiki/Special:Contributions/Dstebbins" title="Special:Contributions/Dstebbins">contribs</a>) 02:01, March 17, 2008 (UTC)</span></small> </p> <dl><dd>Was <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Public_company&diff=198767797&oldid=196486146">changed</a> but was later <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Public_company&diff=next&oldid=214756753">changed back</a>. It's still a little confusing. — <span style="font-family:Palatino Linotype"><a href="/wiki/User:Satori_Son" title="User:Satori Son"><b>Satori Son</b></a></span> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Satori_Son-2009-04-28T18:29:00.000Z-Advantages_and_disadvantages" class="ext-discussiontools-init-timestamplink">18:29, 28 April 2009 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Satori_Son-2009-04-28T18:29:00.000Z-Advantages_and_disadvantages"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Satori_Son-2009-04-28T18:29:00.000Z-Advantages_and_disadvantages"></span></dd></dl> <dl><dd><dl><dd><span data-mw-comment-start="" id="c-Satori_Son-2009-04-28T18:35:00.000Z-Satori_Son-2009-04-28T18:29:00.000Z"></span>Hopefully <a class="external text" href="https://en.wikipedia.org/w/index.php?title=Public_company&diff=286693568&oldid=286658891">better</a> now. — <span style="font-family:Palatino Linotype"><a href="/wiki/User:Satori_Son" title="User:Satori Son"><b>Satori Son</b></a></span> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Satori_Son-2009-04-28T18:35:00.000Z-Satori_Son-2009-04-28T18:29:00.000Z" class="ext-discussiontools-init-timestamplink">18:35, 28 April 2009 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Satori_Son-2009-04-28T18:35:00.000Z-Satori_Son-2009-04-28T18:29:00.000Z"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Satori_Son-2009-04-28T18:35:00.000Z-Satori_Son-2009-04-28T18:29:00.000Z"></span></dd></dl></dd></dl> <p><span data-mw-comment-start="" id="c-FreyaS-2016-10-18T01:04:00.000Z-Advantages_and_disadvantages"></span>Why there is so few explaination about the advantages and disadvantages? And noboday adds the link of principal-agent problem which is so common in public compaies. By learning international financial management i add it myself. <small class="autosigned">— Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/w/index.php?title=User:FreyaS&action=edit&redlink=1" class="new" title="User:FreyaS (page does not exist)">FreyaS</a> (<a href="/wiki/User_talk:FreyaS#top" title="User talk:FreyaS">talk</a> • <a href="/wiki/Special:Contributions/FreyaS" title="Special:Contributions/FreyaS">contribs</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-FreyaS-2016-10-18T01:04:00.000Z-Advantages_and_disadvantages" class="ext-discussiontools-init-timestamplink">01:04, 18 October 2016 (UTC)</a></small><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-FreyaS-2016-10-18T01:04:00.000Z-Advantages_and_disadvantages"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-FreyaS-2016-10-18T01:04:00.000Z-Advantages_and_disadvantages"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="Five_billion_shareholders?!" data-mw-thread-id="h-Five_billion_shareholders?!-2009-09-12T19:38:00.000Z"><span id="Five_billion_shareholders.3F.21"></span><span data-mw-comment-start="" id="h-Five_billion_shareholders?!-2009-09-12T19:38:00.000Z"></span>Five billion shareholders?!<span data-mw-comment-end="h-Five_billion_shareholders?!-2009-09-12T19:38:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=9" title="Edit section: Five billion shareholders?!"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-JSLongwell-2009-09-12T19:38:00.000Z-Five_billion_shareholders?!"></span>Under the "Securities of a public company" section it states "companies with over 5,000,000,000 shareholders may be required to report". I'm guessing that number is wrong since I doubt any corporation is owned by 5/6 of the world's population. Anyone know the real number? <a href="/wiki/User:JSLongwell" title="User:JSLongwell">JSLongwell</a> (<a href="/wiki/User_talk:JSLongwell" title="User talk:JSLongwell">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-JSLongwell-2009-09-12T19:38:00.000Z-Five_billion_shareholders?!" class="ext-discussiontools-init-timestamplink">19:38, 12 September 2009 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-JSLongwell-2009-09-12T19:38:00.000Z-Five_billion_shareholders?!"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-JSLongwell-2009-09-12T19:38:00.000Z-Five_billion_shareholders?!"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id=""Going_public"" data-mw-thread-id="h-"Going_public"-2009-10-30T00:57:00.000Z"><span id=".22Going_public.22"></span><span data-mw-comment-start="" id="h-"Going_public"-2009-10-30T00:57:00.000Z"></span>"Going public"<span data-mw-comment-end="h-"Going_public"-2009-10-30T00:57:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=10" title="Edit section: "Going public""><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Gaiacarra-2009-10-30T00:57:00.000Z-"Going_public""></span>Is this what's referred to when someone says that a company is "going public" or "taken public"? <a href="/wiki/User:Gaiacarra" title="User:Gaiacarra">Gaiacarra</a> (<a href="/wiki/User_talk:Gaiacarra" title="User talk:Gaiacarra">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Gaiacarra-2009-10-30T00:57:00.000Z-"Going_public"" class="ext-discussiontools-init-timestamplink">00:57, 30 October 2009 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Gaiacarra-2009-10-30T00:57:00.000Z-"Going_public""><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Gaiacarra-2009-10-30T00:57:00.000Z-"Going_public""></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="what_is_the_difference_between_an_public_and_private_company?" data-mw-thread-id="h-what_is_the_difference_between_an_public_and_private_company?-2010-02-06T13:06:00.000Z"><span id="what_is_the_difference_between_an_public_and_private_company.3F"></span><span data-mw-comment-start="" id="h-what_is_the_difference_between_an_public_and_private_company?-2010-02-06T13:06:00.000Z"></span><b>what is the difference between an public and private company?</b><span data-mw-comment-end="h-what_is_the_difference_between_an_public_and_private_company?-2010-02-06T13:06:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=11" title="Edit section: what is the difference between an public and private company?"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-69.244.63.248-2010-02-06T13:06:00.000Z-what_is_the_difference_between_an_public_and_private_company?"></span>public companies can be public companies without being publicly traded. </p><p>so then, what is the difference between an public and private company? </p><p>is it just the number of shareholders that makes a company have to be public, as per SEC regulations? </p><p>or is it something else? </p><p><br /> This is what wiki says but it is not clear: </p><p>A company with many shareholders is not necessarily a publicly traded company. In the United States, in some instances, companies with over 500 shareholders may be required to report under the Securities Exchange Act of 1934; companies that report under the 1934 Act are generally deemed public companies. The first company to issue shares is thought to be the Dutch East India Company in 1601. </p><p><br /> also, wiki says: </p><p>A public company is a company that has permission to offer its registered securities (stock, bonds, etc.) for sale to the general public, </p><p>but how would you define "general public?" can't i put an ad in the paper to sell shares in my private company or is that illegal? <span style="font-size: smaller;" class="autosigned">—Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/Special:Contributions/69.244.63.248" title="Special:Contributions/69.244.63.248">69.244.63.248</a> (<a href="/wiki/User_talk:69.244.63.248" title="User talk:69.244.63.248">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-69.244.63.248-2010-02-06T13:06:00.000Z-what_is_the_difference_between_an_public_and_private_company?" class="ext-discussiontools-init-timestamplink">13:06, 6 February 2010 (UTC)</a></span><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-69.244.63.248-2010-02-06T13:06:00.000Z-what_is_the_difference_between_an_public_and_private_company?"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-69.244.63.248-2010-02-06T13:06:00.000Z-what_is_the_difference_between_an_public_and_private_company?"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN_OUT_ARTICLE" data-mw-thread-id="h-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN-2010-02-06T13:12:00.000Z"><span data-mw-comment-start="" id="h-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN-2010-02-06T13:12:00.000Z"></span>PLEASE PROVIDE SEC DEFINITION FOR PUBLIC COMPANY LIKE WIKIPEDIA DID FOR THE SPIN OUT ARTICLE<span data-mw-comment-end="h-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN-2010-02-06T13:12:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=12" title="Edit section: PLEASE PROVIDE SEC DEFINITION FOR PUBLIC COMPANY LIKE WIKIPEDIA DID FOR THE SPIN OUT ARTICLE"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-69.244.63.248-2010-02-06T13:12:00.000Z-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN"></span>FROM <a class="external free" href="https://en.wikipedia.org/wiki/Spin_out#U.S._SEC_definition">http://en.wikipedia.org/wiki/Spin_out#U.S._SEC_definition</a> </p><p><br /> U.S. SEC definition The United States Securities and Exchange Commission definition of "spin out" is more precise. Spin-outs occur when the equity owners of the parent company receive equity stakes in the newly spun out company. For example, when Agilent Technologies was spun out of Hewlett-Packard in 1999, the stock holders of HP received stock in Agilent. </p><p>A company "spun out" in the common view but not considered a spin-out in the SEC's eyes would be considered by the SEC as a technology transfer or licensing of the technology to the new company. <span style="font-size: smaller;" class="autosigned">—Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/Special:Contributions/69.244.63.248" title="Special:Contributions/69.244.63.248">69.244.63.248</a> (<a href="/wiki/User_talk:69.244.63.248" title="User talk:69.244.63.248">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-69.244.63.248-2010-02-06T13:12:00.000Z-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN" class="ext-discussiontools-init-timestamplink">13:12, 6 February 2010 (UTC)</a></span><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-69.244.63.248-2010-02-06T13:12:00.000Z-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-69.244.63.248-2010-02-06T13:12:00.000Z-PLEASE_PROVIDE_SEC_DEFINITION_FOR_PUBLIC_COMPANY_LIKE_WIKIPEDIA_DID_FOR_THE_SPIN"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="LLC?" data-mw-thread-id="h-LLC?-2019-04-08T19:12:00.000Z"><span id="LLC.3F"></span><span data-mw-comment-start="" id="h-LLC?-2019-04-08T19:12:00.000Z"></span>LLC?<span data-mw-comment-end="h-LLC?-2019-04-08T19:12:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=13" title="Edit section: LLC?"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-104.1.44.94-2019-04-08T19:12:00.000Z-LLC?"></span>Yes, this only applies to the US. I don't practice business law, but my understanding is that an LLC is by definition not public. Ownership of its shares more closely resembles a partnership, where the ownership is not open to the general public. Further, taxes are pass-through to the owners of the company, meaning the LLC should not have to pay its own taxes. These two factors strongly suggest that an LLC is not a public company, and the wikipedia page for LLC states right at the top that it is a private form of business. <a href="/wiki/Special:Contributions/104.1.44.94" title="Special:Contributions/104.1.44.94">104.1.44.94</a> (<a href="/wiki/User_talk:104.1.44.94" title="User talk:104.1.44.94">talk</a>) <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-104.1.44.94-2019-04-08T19:12:00.000Z-LLC?" class="ext-discussiontools-init-timestamplink">19:12, 8 April 2019 (UTC)</a><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-104.1.44.94-2019-04-08T19:12:00.000Z-LLC?"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-104.1.44.94-2019-04-08T19:12:00.000Z-LLC?"></span> </p> <div class="mw-heading mw-heading2 ext-discussiontools-init-section"><h2 id="Incorrect_synonyms._What_about_public_unlimited_companies?" data-mw-thread-id="h-Incorrect_synonyms._What_about_public_unlimited_companies?-2020-04-24T05:18:00.000Z"><span id="Incorrect_synonyms._What_about_public_unlimited_companies.3F"></span><span data-mw-comment-start="" id="h-Incorrect_synonyms._What_about_public_unlimited_companies?-2020-04-24T05:18:00.000Z"></span>Incorrect synonyms. What about public unlimited companies?<span data-mw-comment-end="h-Incorrect_synonyms._What_about_public_unlimited_companies?-2020-04-24T05:18:00.000Z"></span></h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Talk:Public_company&action=edit&section=14" title="Edit section: Incorrect synonyms. What about public unlimited companies?"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span><div class="ext-discussiontools-init-section-bar"><div class="ext-discussiontools-init-section-metadata"></div><div class="ext-discussiontools-init-section-actions"></div></div></div> <p><span data-mw-comment-start="" id="c-Thinkeditor-2020-04-24T05:18:00.000Z-Incorrect_synonyms._What_about_public_unlimited_companies?"></span>A public company is not necessarily a public limited company. Public unlimited companies did exist. An example would be American Express prior to 1965. Therefore, the first sentence in the article — "A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company..." — is wrong. <a href="/w/index.php?title=User:Thinkeditor&action=edit&redlink=1" class="new" title="User:Thinkeditor (page does not exist)">Thinkeditor</a> <a href="https://en.wikipedia.org/wiki/Talk:Public_company#c-Thinkeditor-2020-04-24T05:18:00.000Z-Incorrect_synonyms._What_about_public_unlimited_companies?" class="ext-discussiontools-init-timestamplink">05:18, 24 April 2020 (UTC)</a> <small class="autosigned">— Preceding <a href="/wiki/Wikipedia:Signatures" title="Wikipedia:Signatures">unsigned</a> comment added by <a href="/wiki/Special:Contributions/61.6.233.34" title="Special:Contributions/61.6.233.34">61.6.233.34</a> (<a href="/w/index.php?title=User_talk:61.6.233.34&action=edit&redlink=1" class="new" title="User talk:61.6.233.34 (page does not exist)">talk</a>) </small><span class="ext-discussiontools-init-replylink-buttons" data-mw-thread-id="c-Thinkeditor-2020-04-24T05:18:00.000Z-Incorrect_synonyms._What_about_public_unlimited_companies?"><span class="ext-discussiontools-init-replylink-bracket">[</span><a class="ext-discussiontools-init-replylink-reply" role="button" tabindex="0" href="">reply</a><span class="ext-discussiontools-init-replylink-bracket">]</span></span><span data-mw-comment-end="c-Thinkeditor-2020-04-24T05:18:00.000Z-Incorrect_synonyms._What_about_public_unlimited_companies?"></span> </p>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?useformat=desktop&type=1x1&usesul3=0" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Talk:Public_company&oldid=1278126973">https://en.wikipedia.org/w/index.php?title=Talk:Public_company&oldid=1278126973</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/Help:Category" title="Help:Category">Categories</a>: <ul><li><a href="/wiki/Category:Start-Class_company_articles" title="Category:Start-Class company articles">Start-Class company articles</a></li><li><a href="/wiki/Category:Unknown-importance_company_articles" title="Category:Unknown-importance company articles">Unknown-importance company articles</a></li><li><a href="/wiki/Category:WikiProject_Companies_articles" title="Category:WikiProject Companies articles">WikiProject Companies articles</a></li><li><a href="/wiki/Category:Start-Class_WikiProject_Business_articles" title="Category:Start-Class WikiProject Business articles">Start-Class WikiProject Business articles</a></li><li><a href="/wiki/Category:Mid-importance_WikiProject_Business_articles" title="Category:Mid-importance WikiProject Business articles">Mid-importance WikiProject Business articles</a></li><li><a href="/wiki/Category:WikiProject_Business_articles_needing_attention" title="Category:WikiProject Business articles needing attention">WikiProject Business articles needing attention</a></li><li><a href="/wiki/Category:WikiProject_Business_articles" title="Category:WikiProject Business articles">WikiProject Business articles</a></li><li><a href="/wiki/Category:Start-Class_Finance_%26_Investment_articles" title="Category:Start-Class Finance & Investment articles">Start-Class Finance & Investment articles</a></li><li><a href="/wiki/Category:Mid-importance_Finance_%26_Investment_articles" title="Category:Mid-importance Finance & Investment articles">Mid-importance Finance & Investment articles</a></li><li><a href="/wiki/Category:Finance_%26_Investment_articles_needing_attention" title="Category:Finance & Investment articles needing attention">Finance & Investment articles needing attention</a></li><li><a href="/wiki/Category:WikiProject_Finance_%26_Investment_articles" title="Category:WikiProject Finance & Investment articles">WikiProject Finance & Investment articles</a></li></ul></div></div> </div> </main> </div> <div class="mw-footer-container"> <footer id="footer" class="mw-footer" > <ul id="footer-info"> <li id="footer-info-lastmod"> This page was last edited on 28 February 2025, at 16:49<span class="anonymous-show"> (UTC)</span>.</li> <li id="footer-info-copyright">Text is available under the <a href="/wiki/Wikipedia:Text_of_the_Creative_Commons_Attribution-ShareAlike_4.0_International_License" title="Wikipedia:Text of the Creative Commons Attribution-ShareAlike 4.0 International License">Creative Commons Attribution-ShareAlike 4.0 License</a>; additional terms may apply. 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