A private company is a business entity whose securities do not trade on public markets. Compare to public company. Private companies can be structured as sole proprietorships, partnerships or corporations, and can range in size from a single...
corporations
professional corporation
A professional corporation (abbreviated as PC), also known as a professional service corporation (abbreviated as PSC), is a type of corporation established by state statute that permits owners of certain licensed professions, such as...
promoter
A promoter is broadly defined as someone who encourages or incites a certain behavior. In corporate law, a promoter is the founder or organizer of a corporation or business venture; the person who takes the initiative to create or organize a...
promotional stock
Promotional stock is stock issued by a newly formed company to the promoters of the company as compensation for promoting the company, such as raising capital, finding new shareholders, signing contracts or filing articles of incorporation....
proxy
A proxy is a person who represents a member in the shareholders’ meeting of a company, with a legal document that could prove their authority. According to the Delaware General Corporation Law (DGCL) Title 8, Chapter 1, Section 211, the...
proxy statement
A proxy statement is a document that public companies must provide their shareholders prior to a shareholder meeting.
The Securities and Exchange Commission (SEC) requires companies to file their proxy statement in...
public benefit corporation
A public benefit corporation is a corporation created to generate social and public good, and to operate in a responsible and sustainable manner.
Governmental Public Benefit CorporationsA public benefit corporation created by a government...
public company
See public corporation.
[Last updated in December of 2021 by the Wex Definitions Team]
public corporation
A public corporation is a company whose shares are listed to be traded on a public market, such as the New York Stock Exchange (NYSE). When a company goes public, it will undertake its initial public offering (IPO) after submitting Form S-1 (...
quasi-corporation
Also known as a "civil corporation," a quasi corporation is an entity that is not incorporated like a general business but nonetheless holds some properties and functions traditionally belonging to corporations.
Examples of...