public corporation

State-owned business entity

A public corporation is a company whose shares are traded on a stock exchange, available for purchase by the general public: Apple became a public corporation when it went public in 1980.

The term also refers to government-owned entities created to serve public purposes, like the BBC or Amtrak.

Context usually makes clear which meaning applies.

governance

accountability

Obligation for one's actions

compliance · audit · ethics · regulations · bylaws · shareholder rights · proxy voting · annual meeting · SEC filing · disclosure

finance

shares

Units of company ownership

  • stockGoods kept for sale
  • equityImpartial treatment or ownership value
  • dividendsProfits paid to shareholders

IPO · securities · capitalization · investors · trading · exchange · portfolio · blue chip · NASDAQ · NYSE

government

state-owned

Belonging to government

Amtrak · postal service · civil service · charter

structure

subsidiary

Of lesser importance

parent company · merger · acquisition · franchise · partnership · restructuring · diversification · spin-off · division · affiliate

Categories
Opposites
ownership structure

public corporationprivate corporation

Business with restricted ownership

privately held company · private company · sole proprietorship · partnership · private enterprise

sector/purpose

public corporationgovernment agency

State administrative body

nonprofit organization · government department · charitable organization · NGO · cooperative

organizational form

public corporationsole proprietorship

Unincorporated individual-owned business

general partnership · limited partnership · LLC

Family

public, publicly, publics, publication, publicize, publicized, publicizing, publicity, publish

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