Privately owned companies are privately held. This means that the company is owned by small group of people, or private investor. On the other hand, in public company, there are shareholders that claim to be a part of the company’s assets. One of the biggest difference between public company and private company is that public company is required to file quarterly earnings reports with Securities and Exchange Commission (SEC). However, private companies are not required to disclose any financial information. An advantage of public company is that, it uses the stocks to invest in new projects within the company for growth. In contrast, private companies rely mostly on the profit. An example of successful public company is Amazon and successful private company is Dell Inc. (Computer company).