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Simple English definitions for legal terms
public company
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A quick definition of public company:
A public company is a type of business that is owned by shareholders who can buy and sell shares of the company on a stock exchange. This means that anyone can invest in the company and become a part owner. Public companies are required to follow certain regulations and disclose financial information to the public. Examples of public companies include Apple, Microsoft, and Coca-Cola.
A more thorough explanation:
Public Company
A public company, also known as a public corporation, is a type of business organization that has sold shares of its ownership to the public through a stock exchange. This means that anyone can buy a piece of the company and become a shareholder. Public companies are required to follow strict financial reporting and disclosure rules set by the Securities and Exchange Commission (SEC).
- Apple Inc.
- Microsoft Corporation
- Amazon.com, Inc.
These companies are all examples of public companies because they have sold shares of their ownership to the public through a stock exchange. This means that anyone can buy a piece of the company and become a shareholder. As public companies, they are required to follow strict financial reporting and disclosure rules set by the Securities and Exchange Commission (SEC).