A private company does not disclose their books to the public in general. The boss alone is in charge of the business. This gives them the freedom to manage the company in their own way. Meanwhile, a public company has to respond to the shareholders by giving them updates about how the company is doing, as well as disclose the books to the general public. An example of a public company is Tesla; all the decisions in this company has to be taken into consideration of the company and the shareholder’s financial benefits. An example of a private company is Schoology, a learning management system for K-12 schools. Even though the company is still fairly new, they have come across pretty far by having the freedom to manage the company the way the owners like to. However, they seek to become public in the future.