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This question is about careers.
What is a private business?
A private business is a company, firm, or business that is under private ownership. Private companies may have stocks and shareholders, however, their shares can not be traded on public stock exchanges and are not supplied from an IPO (Initial Public Offering).
The expensive costs of an IPO are often the reason certain companies choose to stay private. There are four main types of private businesses, they are:
Limited liability corporations (LLCs)
S corporations (S-corps)
C corporations (C-corps)
Sole proprietorships
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