Is goodwill privately owned

Answer 1

Goodwill is an intangible asset that represents the value of a company's reputation, brand, customer relationships, and other non-physical factors that contribute to its profitability. While it is recorded on the balance sheet of a company, it is not "owned" in the traditional sense like physical assets; rather, it is an accounting concept that reflects the excess value paid in a business acquisition over its identifiable net assets. Goodwill is specific to the business it belongs to and is typically considered private property of that business entity.