A company whose shares are not quoted on a stock exchange meaning that they are not readily or publicly traded.
The shares in private companies cannot usually be sold without the consent of the company or its other owners, who are also likely to have the first option on acquiring them.
In many countries little or no information need be disclosed on the activities of such companies even though their members enjoy the benefit of limited liability. For the issues arising from this see Companies House or Registrar of Companies.
A company can be private even though very large: the matter is determined solely by whether its shares are quoted on a stock exchange or not.
A private company can be public interest entity (PIE).
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