Re: Suppose a family owns 51% of their company's shares...
- From: "PeterL" <po.ning@xxxxxxxxx>
- Date: 30 Jun 2006 09:15:58 -0700
karl wrote:
"Arthur Kamlet" <kamlet@xxxxxxxxx> wrote in message
news:e83gvu$36l$1@xxxxxxxxxxxxxxxxxxxx
In article <1151681713.247452.61020@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
draccarlawpet <zutalors212@xxxxxxxxx> wrote:
Suppose a family owns 51% of their company's shares. The remaining 49%
is owned by the public on a stock exchange. Is this company regarded
as being public or private? On one hand, the private entity, the
family, owns the majority of the stocks, and this qualifies it as a
private company. On the other hand, it's on a public exchange, and
therefore, it could qualify as a publich company.
If 49% of the shares are owned by the public it is a public
company.
A company with 100% of the shares owned by a single person would be a
public company.
From Wikipedia:
any company that files a Form S-1 with the Securities and Exchange
Commission (SEC) and raises money from the public. A public company is
also a reporting company. Thus, a public company is any company with
300 or more shareholders as defined in the US 1933 Securities Act that
elects to become a reporting company.
.
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