Talk:Public company
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[edit] Why is this a stub?
This article is both concise, reasonable and seemingly accurate to the topic in question. I don't see what else could be said about it, so why is it a stub? —The preceding unsigned comment was added by Kfj001 (talk • contribs).
- For those reading the above who might think about looking at the article: it's not a stub anymore. John Broughton 17:32, 8 June 2006 (UTC)
[edit] Added links to the 10-K
I came looking for information on the 10-K form, but didn't find it under this, the first topic I jumped to. I was forgetting the specific name of the form I had used in college to research a number of companies. Copied and pasted from Form 10-K on the Wikipedia with a minor edit to remove the redundant definition of the SEC. My first edit, hope all the rules have been satisfied. As an additional note to mods/editors, the See Also links to Private offering and Public offering are broken and perhaps should be removed and a link to relevant forms mentioned in the article added. I am not yet familiar enough with Wikipedia philosophy on these to do this as yet. fugacity 13:55, 31 January 2006 (UTC)
[edit] State-owned businesses
I think that the explanation of why State-owned businesses are named "Public business" is just false. The State supposedly exists for and by the people, and so it represents and owns public things, simply because they are not private. —The preceding unsigned comment was added by 200.85.113.49 (talk • contribs).
- I noticed this too, and that the article doesn't cover this meaning anyway, so have link to public ownership. I would construe 'publicly-owned company' to mean the second, and 'publicly-listed company' to mean the first. --Cedderstk 22:36, 7 June 2006 (UTC).
From my point of view, I do not agree with some explanation on this site. I mean, a private company which only issue security notes on the market (e.g. registery on SEC), must report the 10-K form to the SEC and must comply with Sarbanes-Oxley Act. Otherwise, the explanation of public company should be more open, including companies which the shares are held by privete owener and have notes on markets. Hugo Garvett 6 September 2006
[edit] The definition
This may be a UK thing, so I am hesitant to change this straight away - but in the UK a "public company" means a company that has "plc" as a suffix to its name, and as a result of which:
- Can offer its shares to the public (in particular, list them on a public exchange);
- Has more extensive regulatory disclosure requirements.
More generally (and colloquially), it means a company that actually does have its shares listed on a public exchange.
It is the same meaning as what is currently in the public limited company article, which applies only to UK and Irish companies simply by virtue of the fact that the "plc" terminology is unique to them, However, the term "public company" is used more generally to include the same sort of company across the world.
The current definition in this article, of a company being owned by the public rather than a small group of individuals, is not the definition to my mind, so much as one of the common consequences of a company being public. This is sort of reflected in the rest of the article, which talks in corporate law terms.
What do people from outside the UK think about this? Arthur Markham 14:47, 13 November 2006 (UTC)
[edit] USA Definition of a Public Company
Could there be a short explanation of what, exactly, a Form S-1 is here? Or a link, perhaps? It is confusing to a layman such as myself as the definition is now. Forst pineapple 20:39, 8 January 2007 (UTC) Also, if someone who understood this better then I could clean up the stuff about a "reporting company" and explain what a reporting company *is*, this would be clearer. Forst 22:17, 13 January 2007 (UTC)
