What is the difference between public and private corperations?

Answer 1

in a public limited company, there is a minimum of two shareholders.

in a public corporation, there is government ownership.

in a public limited company, shareholders own the company and receive profits.

in a public corporation, government receives any profit.

Answers are 100% correct, use them.

Note: Use them only if you want to pass A+, not F9.

Answer 2

A crown corporation is one established by the government of a country; while a public company is developed by investors under the sanctions of the security exchange commission, and a private corporation is a business established by a person's with no public offering to join as investors.
Shares of public corporations are traded on the Stock Market. Private corporations do not have shares for sale.

Answer 3

A public corporation is a company whose shares are traded freely in stock market. It is also called as limited liability company. While private corporation is hold by limited number of shareholders and whose shares are not freely traded in share market.

Answer 4

Publicly traded corporations raise capital through the sale of securities... they're also required to report financial information as they are owned by shareholders.

Privately owned corporations do not usually have to do that.

Answer 5

a public business focuses on providing a service whereas private businesses only concentrate on making a profit by giving the customers individual products to suit them

Answer 6

What is the difference between Company and corporation?

Answer 7

A public limited company is an organisation owned by shareholders, on the other hand a public corporation or public parastatal for example companies like of trains/railways and buses, are owned by the government of a country. Like any other business a public limited company aims to make profit mainly whilst a public corporation looks to provide an essential good or service to the general public at a low and affordable price. Since public parastatals are owned by the government they barely/ they do not pay tax, on the other hand a public limited company is required to pay tax. Public corporations are state funded, as in the tax collected by the government is used to start and run the organisation whilst a public company has to issue a prospectus to the general public, inviting them to buy shares so as to raise capital. Another difference from this is the formation process is different as in plc a legal framework is required, ie registering and so on whereas a public corporation doesnt require plenty of documentation. NB: When differentiating two business organisations/ two issues the following example is insufficient or gives u 1 mark, sometimes none: eg. A public limited company has limited liability and a sole trader does not. (You have to state that ..... whilst a sole trader has no limited liability or has unlimited.) 🤷‍♂️. PS: hope i was helpful.

Answer 8

Public limited company is located in the UK while public corporations is located in London

Answer 9

Public corporation is an instrument of the state while public limited company is a company in which is not less than 51 percent of the share capital is held by the central government