A privately held company is a company that is ran by a small number of shareholders, company members or non-government officals. There are no trading of the stocks to the public by means of the stock market but is traded privately. A publicly traded company is publicly listed for the gneral public. When working with a publicly traded company, those who wish to purchase stock in the company are allowed to do so and the stock is traded within the stock market.
Private companies are not controlled b y the government and therefore there is a risk of shutting down as well, but Public companies are government owned companies
A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.