private corporation
noun[C]
USukusFINANCE
acompanythat isownedby onepersonor asmallgroupofpeople, forexampleafamily, and whosesharesare nottradedon astockmarket:
Thebusinessis aprivatecorporation-familyownedandoperated.
ECONOMICS
acompanythat is notownedby thegovernment:
privateand state-runcorporations