By SEC rules, a private company is one with less than 100 shareholders that does not allow its stock to be actively traded.

Name: By SEC rules, a private company is one with less than 100 shareholders that does not allow its stock to be actively traded.
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Question

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According to the SEC rules, a private company is one that is not publicly traded and does not have to file regular reports with the SEC. The number of shareholders is not a determining factor in whether a company is private or public.

By SEC Rules, a Private Company Is One with Less