The correct answer is.
What Is a Private Corporation?
In a private corporation, the stocks are only held internally and won't be publicly traded. The founders, group of investors or management are usually the owners. The shareholders are often very involved in the business and act as the directors and officers of the company.
Sometimes there are bigger corporations that have a larger number of shareholders who wish to stay private for multiple reasons. These reasons can include having more privacy and avoiding the expensive cost of going public and managing the requirements for a public company.
It's falsely thought that companies that are privately held are of little interest and small. However, many big companies are privately held, such as Dell, Koch Industries, Mars, Bloomberg, and Cargill.
What Is a Public Corporation?
In a public corporation, the shares are traded through a stock exchange on the open market. The companies that have a large amount of revenue and a bigger number of shareholders are often able to afford what it costs to go public and be in compliance with the multiple regulations that are imposed on companies that are public by securities laws and other types of governmental regulations.
Difference Between Public and Private Corporation
Both public and private companies must have:
- An annual meeting
- A board of directors
- A record of meetings
- A shareholder list in addition to their holdings
Learn more about Trade corporations at https://brainly.com/question/25818989
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