privately held company

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Privately Held Company

A company in which a small group of shareholders control all of the shares. These shareholders tend to hold onto the company's stock and, in any case, no shares are publicly traded. Privately held companies are, by their nature, impervious to hostile takeovers and proxy wars. They tend to be more stable than other companies because their share prices are not determined by (sometimes irrational) investment decisions, but by the value of the company itself. However, privately held companies do not have access to as much working capital as corporations with more shareholders have. See also: Closely Held.

privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
References in periodicals archive ?
Located in all major US markets, PwC's Private Company Services (PCS) is a national practice comprised of more than 170 partners who provide customized tax, audit and advisory services to private companies, their owners and high net worth individuals.
com, comments challenging the wisdom of issuing a series of private company GAAP 'alternatives' were made by Public Company Accounting Oversight Board (PCAOB) Director of Research and Analysis Greg Jonas, at a conference on accounting sponsored by Standard & Poor's in the fall of 2014.
A significant number of private company financial statements were prepared in accordance with a special purpose framework.
Conversely, what do directors want from their private company board service in terms of input and independence?
Atkinson said, "The 10 members of the PCC are eager to begin addressing the critical issues facing users, preparers, and auditors of private company financial statements.
Three thousand private company constituents and a majority of the state CPA societies, representing more than a quarter million CPAs, have spoken.
Years of studies and research, a joint advisory committee with FASB, private company constituent representation on the FASB board and comment letters have not produced meaningful results.
Market capacity remains robust and carriers are eager to take on private company business.
Thus the need for risk management when negotiating with trader-owners, Sklover says he had a case like this not long ago in which the founder of a private company was selling it to a venture firm, "It was a rollup, an acquisition on behalf of other investors, where the plan was to go public in five years," the attorney explains.
Officials argue it could be more efficient to have a private company worker take the information by phone than to deploy a uniformed officer just to take a report.
Unfortunately, FAF's proposal has failed to accept the views of the many voices of the private company constituency asking for a separate board.
It's an encouraging economic indicator that private companies continue to pursue capital spending plans both at home and abroad," says Ken Esch, a partner in PwC's Private Company Services practice.