A company that does not sell its shares to the general public (through a stock exchange) The transfer (sale) of shares in such a company is usually restricted in some way, such as by the requirement that the directors or shareholders of the corporation must approve any transfer of shares in advance of the sale
A company with only one certificate This company is initially owned by a player In later phases of the game most private companies may be sold to operating companies It is called a private company because it can have only one owner
company with a small number of stock-holders that does not receive any public funding and is exempt from handing in a balance sheet to the registry of companies
In general, a company that does not sell its shares to the public (i e is not listed on a stock exchange) The transfer (sale) of shares in the company is restricted in some way, such as by the requirement that the directors or shareholders have to approve in advance any transfer of shares