What is another word for private corporation?
Pronunciation: [pɹˈa͡ɪvət kˌɔːpəɹˈe͡ɪʃən] (IPA) 
A private corporation, also known as privately held corporation, is an entity that is owned and operated by a group of individuals or a family. Private corporations are not publicly traded on the stock exchange. There are several synonyms for the term private corporation, including closed corporation, unlisted company, closely held company, and family-owned business. These terms represent businesses that are typically smaller in size and have a limited number of shareholders. They often operate in niche markets and specialize in providing specific products or services. While private corporations operate differently than public corporations, they are still subject to regulations and legal requirements. Overall, private corporations offer flexibility and autonomy to business owners who prioritize privacy and control over their company.
