Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Explain the difference between public and private companies.
Expert Solution
Step 1: Introduction to companies
A business can be run in the form of several different legal entities that are allowed by law. So a business can be run as a sole proprietorship, a partnership or a company. When it comes to a company a company can be a private company or can be a public company.
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