Private companies are only owned by a few individuals and cannot be traded publically. They are not required to report to the security exchange commissions or even report their financial data. By not reporting the financial data, they save more money not having the hire people to make sure to do these reports. For public companies, there are a bunch of shareholders and they can publically trade the stocks. These companies are required to report to the security exchange commissions and needs to report the financial data quarterly. This means these companies need to hire an accounting staff to deal with the financial reports for each quarter. This type of company can give the employees benefits like bonuses and stock options while for private companies, they get profit sharing and stock appreciation rights. The advantages of a public company is that they can get into the market and sell more shares but private companies do not need to answer to any stockholders. Both of these types of companies can also be big companies. Private companies are not always small companies. Public companies get their funds by selling its shares and bonds while private companies get private investors or capitalists. Examples of a public companies are Bank of America, Walmart, Proctor & Gamble, Johnson & Johnson, and Siemens. Proctor & Gamble have a profit of $7.79 billion and have a market value of $197.12 billion. Examples of private companies are Deloitte, Toys ‘R’ Us, Wawa, Uber, and Panda Express. Deloitte has about 244,400 employees and $36.8 billion revenue while Uber has about 12,000 employees and $6.5 billion revenue.